GRAND FORKS — A Grand Forks AI and UAS startup has secured more than $1.1 million in investment, in part from a North Dakota venture capital fund, the startup announced Friday, April 5.
Co-founded by Matt Dunlevy and Josh Klug, Aethero aims to analyze and monitor the health of your infrastructure. According to a release issued by the company, this investment puts Aethero on a trajectory toward becoming a “leading force in the UAS industry, driving innovation, and shaping the future of autonomous aviation systems in North Dakota and around the world.” “It will accelerate.” ”
“We are pleased to announce the successful completion of our latest investment round.
“This funding confirms the confidence and support of our investors in our vision and technology,” Dunlevy said in a statement. “This will further accelerate innovation and enable industries and organizations to take advantage of innovative solutions.” Possibilities of drone technology. ”
The $1.1 million investment was made to a number of angel investors and venture capital firms through Gener8tor 1889 North Dakota, a 12-week accelerator program designed to help North Dakota startups secure seed funding. It was done.
According to the release, each year, genere8tor selects five startups from a pool of applicants to participate in the accelerator. Each startup receives one-on-one work with Generator’s staff, a $100,000 cash investment, and access to Generator’s network of mentors, Venture Capital funds, angel investors, and corporate partners. Masu.
Aethero’s release said the investment will support the company’s “ambitious research and development efforts and expansion of its customer support and business development teams.”
“Matt and Josh have a vision for the future that includes safer, more energy-efficient critical infrastructure,” Generator 1889 principal Ben Stanley said in a statement. “However, it is currently too expensive and makes it difficult for property owners to get the information they need to prioritize maintenance. technology to help them better understand the buildings and infrastructure they are responsible for, an issue that grows in importance every year. We are excited about the progress they have made so far. , we are honored to be a part of Aethero’s journey.”
According to the release, Aethero executives expect the company’s innovations to impact multiple sectors, including agriculture, infrastructure, and public safety.
