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DASH Systems raises $8M seed round for next-day precision airdrop (Photo: DASH Systems)
Precision airdrop changes air cargo network topologies and unit economics
Los Angeles-based freight-tech startup DASH Systems announced Wednesday morning it closed an $8 million seed round led by 8VC. Tusk Venture Partners, Loup Ventures, Trust Ventures, Perot Jain and Make in LA also participated in the raise.
DASH Systems founder and CEO Joel Ifill has a vision of making next-day delivery available anywhere in the world. What makes that possible and economical is a new approach to air cargo previously only seen in military applications: dropping precision-guided pods directly from small aircraft.
DASH Systems Raises $8 Million to Advance Air Cargo Delivery
DASH s technology enables precision airdrop deliveries in remote locations without the need for landing - saving fuel, time and shipping delays
New funding will allow the company to conduct pilot programs with partners and expand into commercial use in target markets
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LOS ANGELES, Dec. 16, 2020 /PRNewswire/
DASH Systems, a Los Angeles-based technology company developing hardware and software to enable precision airdrop deliveries, has announced $8 million in Seed funding. The round was led by 8VC with participation from Tusk Venture Partners, Loup Ventures, Trust Ventures, Perot Jain, and MiLA Capital.