Taking Flight: Aethero’s $1.1M Investment to Shape the Future of UAS
Aethero, a Grand Forks-based startup specializing in AI and UAS technology, has recently secured over $1.1 million in investment, marking a significant milestone in its journey towards revolutionizing the UAS industry. Co-founded by Matt Dunlevy and Josh Klug, Aethero is dedicated to analyzing and monitoring infrastructure health using cutting-edge drone technology.
This substantial investment, part of which comes from a North Dakota venture capital fund, reflects the confidence and support of investors in Aethero’s vision and technological capabilities. With this funding, Aethero is poised to accelerate its development and commercialization efforts, paving the way for groundbreaking innovations in autonomous aerial systems.
The investment, facilitated through gener8tor 1889 North Dakota – an accelerator program aimed at assisting startups in securing seed funding – will provide Aethero with the resources to pursue ambitious research and development initiatives. Additionally, it will enable the expansion of Aethero’s customer support and business development teams, strengthening its position in the market.
Aethero’s mission extends beyond merely advancing drone technology; it aims to address critical challenges across various sectors, including agriculture, infrastructure, and public safety. By leveraging AI and UAS solutions, Aethero seeks to empower industries and organizations to harness the transformative potential of drone technology for enhancing efficiency and safety.
Ben Stanley, principal of gener8tor 1889, expressed confidence in Aethero’s vision, emphasizing its potential to revolutionize the way property owners manage critical infrastructure. Through innovative technologies, Aethero is poised to provide property owners with valuable insights, enabling them to prioritize maintenance and improve overall efficiency.
As Aethero embarks on its next phase of growth and innovation, it remains committed to driving positive change and shaping the future of autonomous aerial systems. With its pioneering spirit and dedication to excellence, Aethero is poised to make a lasting impact on industries worldwide, ushering in a new era of UAS technology.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
