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Drone industry investments grow by 67% to record high at $1.2 billion

Added to IoTplaybook or last updated on: 06/08/2020

IoTPlaybook Insight: Drones, or the Internet of Flying Things as some people like to call them, have been a big deal for just over a decade. VC money invested in drone development was $2 million in 2010 but zoomed to $930 million in 2019. While the pandemic has closed down many businesses, deliveries of all kinds are, well, soaring. Companies like Amazon are working to make drone deliveries the real deal. The combination of better batteries and more delivery demand could make that all come true soon.