Drone Funding Highlights Sector's Momentum

Venture investors are targeting drone startups as technological advancements and federal approvals enable growth in the sector. The latest example is Volansi Inc., which offers a drone delivery service to transport machine parts and other cargo to industrial companies and the military. The San Francisco-based startup raised a $50 million Series B round led by Icon Ventures and investors including Lightspeed Venture Partners, Y Combinator, venture firm Harpoon and Graphene Ventures participated in the deal.