Category Archives: redbird

Failed drone startup Airware auctions assets, Delair buys teammates

Airware desperately sought cash for 18 months before running out of money and shutting down last month, leaving about 120 employees without jobs after the startup had burned $118 million in funding. Bandaid strategic investments from construction company Caterpillar and others kept Airware alive as it looked for a $15 million round, according to a former employee. A late pivot from hardware to drone software sales through Caterpillar’s dealers went sour, as Airware lacked the features found in competitors and suffered from slow engineering cycles. “So Caterpillar told […]

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