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Stock impact report

A 25-year-old police drone founder just raised $75M led by Index [TechCrunch]

Motorola Solutions, Inc. (MSI) 
Last motorola solutions, inc. earnings: 2/6 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.motorolasolutions.com
Company Research Source: TechCrunch
And there's a good chance that it will be one made by Brinc Drones, a Seattle-based startup founded by 25-year-old Blake Resnick who dropped out of college to run the company. Brinc, which was founded in 2017 and counts OpenAI CEO Sam Altman as a seed-stage investor, just announced today that it has raised $75 million in new funding led by Index Ventures. This brings the startup's total funding to $157.2 million so far. While Brinc isn't disclosing its exact valuation, Resnick told TechCrunch it's an “up-round” compared to its most recent round, a $55 million Series B in 2022. Brinc was last valued at $300 million in 2023, Bloomberg reported Brinc sells a variety of drone systems to police and public safety agencies. It's part of a broader trend of U.S. drone startups manufacturing domestically due to increasing restrictions against Chinese companies that dominate the commercial drone industry. (Resnick briefly interned at DJI, by far the biggest Chinese player, a few years befo Show less Read more
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