3DR has seen better days. Sad to see them pivot, I really wanted a US-based drone company to do well.
While it may prove fruitful, 3D Robotics’ pivot puts it in direct competition with a host of Silicon Valley startups, including Kespry, DroneDeploy and others that have raised millions of dollars on the original intent of developing software solutions for companies. 3D Robotics must play catch up and it may not have the resources to do so. In June, a document filed with the Securities and Exchange Commission showed that the company raised $26.7 million in debt and warrants.
“We’re not making anymore Solos and we’re not going to make another drone,” said Anderson, who suggested that 3D Robotics would start developing software for other drone makers. “I love the idea of other companies making hardware so we don’t have to and we can focus on the software and services side. We’re a Silicon Valley company and we’re supposed to be doing software and there are Chinese companies that are supposed to be doing hardware.”