November 5, 2012 AT 5:23 pm
3D Robotics announces $5m in VC funding, expansion plans!
3D Robotics announces VC funding, expansion plans! @ DIY Drones.
Last week you may have seen the news that I’m going to be leaving Wired to lead 3D Robotics full time as CEO. Now I’m delighted to announce our other exciting news: last week we closed a $5+ million funding round with two premier firms, which will allow us to accelerate the growth of 3DR and expand into new markets.
The round was led by Jon Callaghan at True Ventures and Bryce Roberts of O’Reilly AlphaTech Ventures. Both of them will be joining the 3DR board. These are two of the most far-seeing VCs in the Valley, and both are part of the “hardware is the new software” trend, including investments in Fitbit, Makerbot, Littlebits and Instructables. And they share our vision of the power of open source, the Maker movement and personal robotics. Chris Michel, an investor and long-time entrepreneur (and former Naval Flight Officer) will also be joining as an investor and board member.
I’ll be opening an office in the SF Bay Area (“3DR North”), which will focus on sales/marketing and community development. Our San Diego headquarters will continue to be the R&D and engineering center, while our Tijuana manufacturing is expanding to handle more and more of our production. My co-founder, Jordi Munoz, will take over the role of President, overseeing operations.
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