Airbound, a San Francisco, CA-based drone technology startup, raised $1.7M in funding.
The round was led by Lightspeed with participation from gradCapital and angels.
Led by CEO and Founder Naman Pushp, Airbound is a drone delivery company focused on building drones condensing 30kgs of hardware into 1kg, improving safety, scalability, and operating cost. Its initial focus is on medical deliveries, particularly routine supply deliveries such as transporting blood samples from health centers to testing labs.
The company intends to use the funds to expand into other applications including food and grocery delivery, where reducing logistics costs can significantly enhance profitability.
In total, Airbound’s drones have already spanned thousands of kilometers.
