Investments Validate the Program and Support the Region’s Growing Ecosystem
Five startups in the GENIUS NY accelerator, AutoModality, Civdrone, Fotokite, OmniMesh and TruWeather Solutions, have raised over $10 million in additional private investment. This follow-on-funding validates the investments the GENIUS NY program has made in unmanned aerial systems (UAS) technologies and startups over the last three years, and proves the program’s ongoing impact in Central New York. GENIUS NY is supported by Central New York Rising which advances the regions’ collective strategy to create ecosystem of resources for companies in the UAS industry.
Civdrone recently announced that it has raised $500,000 from New York-based firm ff Venture Capital. The Israeli company, which has raised $1.5 million pre-seed round, is part of the GENIUS NY accelerator and Infralab construction tech innovation lab in Israel.
Craig Marcinkowski named Senior Vice President of Strategy and Business Development for startup Fotokite.
Applications for 2020 Cohort Expanded to Include Key Industry Segments
PreVision Corp’s Advanced Products Laboratory, Transparent Sky, Receives $1 Million Contract with The National Geospatial Agency to Improve Live 3D Maps
PreVision Corp is working towards a world where users of its technology can see the world around them in full immersive real-time 3D, just like video gamers do today.
TruWeather Solutions, Inc., a micro weather data and analytics company successfully raised a Series Seed investment from Kluz Ventures, through its The Flying Object and The Next Impact funds. This investment will fuel the enhancement and market penetration of its first product, TruFliteUAS. TruFliteUAS is a micro weather data and business-focused analytic cloud service for the rapidly expanding commercial Unmanned Aircraft Systems (UAS) and drone industry.
SYRACUSE, NY - GENIUS NY – the world’s largest business competitions focused on unmanned systems – is accepting applications for the fourth round of the year-long business accelerator. The program will invest more than $3 million in five finalist companies, including a grand prize of $1 million.
PreVision Corp, a GENIUS NY Team, located in Kirkville, NY beat out four other finalists to take the top spot in the 2019 Startup Showdown at Xponential. The Association for Unmanned Vehicle Systems International (AUVSI) 2019 Startup Showdown was held at the association’s annual Xponential event in Chicago on May 1st.
Sentient Blue Wins GENIUS NY $1 Million Grand Prize; Four Other Finalists Receive $500,000 Investments as Part of $3 Million Awarded
The winner of the $1 million grand prize from Round Three of the GENIUS NY accelerator is Sentient Blue, a team from Italy. The GENIUS NY program is the world’s largest business accelerator competitions focused on unmanned systems. EagleHawk One, CivDrone, Vermeer and ResilienX each were awarded investments of $500,000. ResilienX was also named the crowd favorite in a live poll taken during the event.
GENIUS NY Finals Night takes place this Tuesday, April 9 from 5 to 8PM in the Grand Ballroom at the Marriott Downtown Syracuse. It will be an exciting night as five finalists step on stage for the first time to pitch their drone startups. In the end, each team will be awarded a large cash prize totaling $3 million, but only one will be awarded the grand prize of $1 million dollars!