Aethero, a Grand Forks-based startup trailblazing the integration of artificial intelligence in Uncrewed Aircraft Systems (UAS) to analyze and monitor infrastructure health, has secured over $1.1 million in investment.&nbsp;"We are thrilled to announce the successful closure of our latest investment round, which underscores the confidence and support of our investors in our vision and technology," said Matt Dunlevy, Co-Founder and CEO of Aethero. "This funding will enable us to further accelerate the development and commercialization of our innovative AI and UAS solutions, empowering industries and organizations to leverage the transformative potential of drone technology."Participating in this investment round were gener8tor 1889, a North Dakota-based venture capital fund, and a select group of angel investors and venture capital firms.“Matt and Josh have a vision of the future that involves safer and more energy efficient critical infrastructure,” said Ben Stanley, principal of gener8tor 1889. “But the status quo makes it too costly and difficult for property owners to get the information they need to prioritize maintenance. They are solving this problem through Aethero, helping property owners better understand the buildings and infrastructure they are responsible for using cutting-edge technologies, and it’s a problem that is becoming increasingly important each year. We are thrilled with the progress they have made to date and honored to be a part of Aethero’s journey.”The startup, led by Co-Founders Matt Dunlevy and Josh Klug, raised the funding round by leveraging the network connections made while going through the gener8tor North Dakota accelerator and participating in the University of Wisconsin’s Creative Destruction Lab program.“Participating in these esteemed programs provided invaluable resources, mentorship, and tailored guidance crucial for navigating the startup landscape, fortifying Aethero's foundation and equipping the company to thrive and innovate in the competitive realm of UAS and AI technology,” said Klug.gener8tor North Dakota is a 12-week accelerator program for North Dakota startups that is designed to help startups achieve best-in-class revenue growth and secure seed funding. Once each year, gener8tor selects five startups from a large pool of applicants to participate in the accelerator. Each startup receives a concierge 12-week experience working 1:1 with gener8tor staff to accelerate growth, a $100K cash investment and access to gener8tor’s regional and national network of mentors, venture capital funds, angel investors, and corporate partners.The Creative Destruction Lab, a non-profit organization, provides an objectives-based program for science- and technology-based companies. It is recognized as one of the top ten accelerators globally and provides crucial support and resources for promising startups. Aethero is committed to revolutionizing the UAS industry through its groundbreaking advancements in drone design, autonomy, and applications. With a focus on enhancing efficiency, safety, and reliability, the company aims to unlock new possibilities for aerial intelligence, monitoring, and logistics across various sectors, including agriculture, infrastructure, and public safety.The $1.1 million investment will play a pivotal role in advancing Aethero’s ambitious research and development initiatives, as well as expanding its customer support and business development teams.With this latest investment infusion, the Aethero Corporation is poised to accelerate its trajectory toward becoming a leading force in the UAS industry, driving innovation, and shaping the future of autonomous aerial systems not only in North Dakota, but throughout the world.For media inquiries or further information, please contact Karthik Balaji, karthik@aethero.ai.

2024-04-11 - Aethero Secures $1.1M Investment Round to Propel Innovation in UAS and AI Technology (UAS Magazine)

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Aethero, a Grand Forks-based startup trailblazing the integration of artificial intelligence in Uncrewed Aircraft Systems to analyze and monitor infrastructure health, has secured over $1.1 million in investment.

Aethero Secures $1.1M Investment Round to Propel Innovation in UAS and AI Technology

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