Precision Autonomy

Precision Autonomy

Accelerating the world's safe adoption of autonomous services.

Founded 2014

Austin, United States 15 employees Total: $3.08M Drones, Fintech +4

Precision Autonomy is a pioneering startup in the Drones, Information Technology, and Insurtech industries, with a focus on accelerating the safe adoption of autonomous services. Founded in 2014 and headquartered in the United States, the company has recently secured a significant $3.08M Venture Round investment on May 7, 2019. The company's innovative offering centers around a usage-based data intelligence platform designed to ensure UAV flight assurance. Their platform, co-designed with insurers and drone operators, integrates drone deployment, asset management, and pay-per-minute insurance into one intelligent system. This includes a web app for mission creation and management, an in-field iOS app for pilots, and an asset manager compatible with various drone and payload types. What sets Precision Autonomy apart is its patented ratings engine algorithm, which considers over 400 factors in pilot flight performance to create bespoke star ratings, promoting safety and compliance. Their pay-per-minute insurance offer, pay.per.cover, enables users to insure drones, pilots, or payloads and pay only when they are flying, with a simple Click to Claim feature for automated incident reports. By providing the data intelligence necessary for drone operators, enterprises, insurers, and the commercial drone ecosystem to operate with confidence, Precision Autonomy offers a comprehensive solution for safe and efficient autonomous services. With their recent funding and cutting-edge technology, the company is well-positioned to drive innovation and support the expansion of autonomous services around the world.

Funding Stage	Amount	Investors	Lead Investors	Date
Early VC	$3.08M	-		01 May 2019

Funding Stage

Amount

Investors

Lead Investors

Date

Early VC

$3.08M

01 May 2019

FAQ About Precision Autonomy

Accelerating the world's safe adoption of autonomous services.

Precision Autonomy was founded in 2014.

Precision Autonomy is headquartered in Austin, United States.

Precision Autonomy operates in Drones, Fintech, Information Technology, Insurance, Insurtech and Payments. Its work centres on autonomous services, UAV flight assurance, data intelligence platform and drone deployment. Its customers include Enterprise Drone Fleets, Small Drone Operators and General Aviation Pilots.

Precision Autonomy has a SaaS, Platform and Embedded Finance business model. Its revenue comes from Usage Based, Service Fee and Commission.

Precision Autonomy has approximately 15 employees.

Precision Autonomy has completed 1 funding round, raising a total of $3.08M.

Precision Autonomy offers: Drone Insurance for Commercial Fleets, General Aviation Insurance, Autonomous Services Insurance, Real-time Dynamic Risk Assessment, Parametric Insurance Solutions.

Top alternatives and competitors to Precision Autonomy include Coverdrone | Specialist Drone Insurance, Unisphere GmbH, Yolo Tech Insurance, SUIND, Nearthlab. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Precision Autonomy and Coverdrone | Specialist Drone Insurance are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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FAQ About Precision Autonomy