TLDR:
A Grand Forks AI and UAS startup, Aethero, has secured $1.1 million in investment from a North Dakota venture capital fund. Co-founded by Matt Dunlevy and Josh Klug, the startup plans to use the investment to accelerate innovation in UAS and AI technology, focusing on infrastructure health analysis and monitoring.
Article Summary
A Grand Forks-based startup, Aethero, has received over $1.1 million in investment from a North Dakota venture capital fund to drive innovation in UAS and AI technology. Co-founded by Matt Dunlevy and Josh Klug, Aethero aims to analyze and monitor infrastructure health using cutting-edge technologies.
The investment, facilitated through gener8tor 1889 North Dakota, aims to position Aethero as a key player in the UAS industry, driving innovation on a global scale. The startup plans to use the funds to accelerate the development and commercialization of its AI and UAS solutions, catering to industries such as agriculture, infrastructure, and public safety.
Aethero’s vision of a future involving safer and more energy-efficient critical infrastructure has garnered support from investors and venture capital firms. The investment will fuel the startup’s research and development initiatives, as well as expanding its customer support and business development teams.
The success of Aethero’s latest investment round underscores investor confidence in the company’s technology and vision. With a focus on leveraging drone technology to transform industries and organizations, Aethero aims to shape the future of autonomous aerial systems both in North Dakota and globally.
The investment, secured through gener8tor 1889, will enable Aethero to solve the problem of costly and challenging maintenance processes for property owners by providing innovative solutions that enhance infrastructure understanding and management.
