![]() “We’re well capitalized to advance AURA’s technology and capabilities to safely integrate higher levels of autonomy into the U.S. “Being chosen for critical FAA and NASA projects underscores AURA’s commitment to help develop a safe and efficient transportation system for both AAM and UAM activities using new and highly automated aircraft – vastly different than small hobbyist drones – that will operate and transport passengers or cargo within urban, suburban and rural areas,” explained AURA CEO Bill Tolpegin.Ĭombined with its initial financing of $7.5 million, the latest round of funding brings the company’s total raise to $38.4 million dollars. In turn, those milestones follow a January Federal Communications Commission (FCC) ruling that allows AURA to expand its network and foster UAS operations at all altitudes across the nation, not just the relatively low-level operations allowed today. The NASA selection comes on the heels of the Federal Aviation Administration (FAA) naming AURA to a new fast-tracking rulemaking committee tasked with empowering beyond visual line of sight (BVLOS) aircraft operations. ![]() In addition to the Series A funding, the company earlier this month was selected by NASA as a National Campaign partner to integrate air taxies, cargo-delivery aircraft and revolutionary air-vehicle concepts into the national airspace. It is the latest milestone for the company, which operates the nation’s only coast-to-coast network designed to solve one of aviation’s most pressing problems: How to enable the commercial viability of the Unmanned Aircraft Systems (UAS) market by providing secure and reliable voice and data communications. ![]() McLean, VA, J(GLOBE NEWSWIRE) - AURA Network Systems (AURA) announced today that it has closed a $30.9 million Series A funding round led by Mudrick Capital Management and Tracker Capital Management’s combined $30 million, plus nearly $1 million from company management.
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