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Dash Systems, a Los Angeles, CA-based technology company developing hardware and software to enable precision airdrop deliveries, raised $8m in Seed funding.
The round was led by 8VC with participation from Tusk Venture Partners, Loup Ventures, Trust Ventures, Perot Jain, and MiLA Capital.
The company will use the funding to:
Develop and refine aerial delivery technology
Partner and expand into commercial uses for rural locations
Train aviation partners to safely and precisely launch cargo to all parts of the world
Expand partnerships with U.S. government entities to deliver cargo to rural parts of the world.
Led by Joel Ifill, CEO and Founder, Dash Systems is developing technology and hardware that allow for precision airdrop deliveries to rural, remote and difficult to reach locations without the need for landing. Instead of having to land at an airport and drive cargo to its destination, the company allows retailers, package delivery companies, and emergency managemen
Photo: Dash Systems
DASH Systems is trying to solve one major inefficiency that plagues air delivery: you have to land the plane every time you deliver a package to a location on the ground. That means planes have to make stops for each delivery, find a runway to safely land and then waste fuel taking off again. So how is the company hoping to solve this? By tossing those packages out of planes while they’re still in the air.
And on Wednesday, the LA-based company got the funding to make this possible. DASH Systems just announced the closing of its $8 million seed funding round, which was led by 8VC.
Dash Systems raises $8M for precision-airdrops-as-a-service at distant or disaster-stricken destinations
Now more than ever both the importance and limitations of the global delivery infrastructure are on full display. But while Amazon and others try to speed up last-mile delivery using drones, Dash Systems hopes to expedite the middle mile with military-inspired airdrops putting pallets of parcels down at their penultimate destinations, even in the most inaccessible of locations.
Air-based delivery generally consists of four steps. First, an item is taken from the warehouse to the airport. Second, it goes by well-packed large cargo planes from there to another major hub, say from New York to Los Angeles. Third, a truck or smaller plane takes these to their regional destination, a sorting or distribution facility. Fourth, they go out on the familiar delivery trucks and end up on your doorstep.
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