by Dan McGovern, SPAR Point Group Editor
Surveying And Mapping, Inc. (SAM) said Wednesday Austin Ventures (AV), the most active venture capital firm in Texas, now owns 60 percent of the business after making an investment to expand market share for the geospatial solutions firm, which had $125 million in sales last year, a company representative told SPAR.
With Facebook reportedly acquiring solar-powered, UAV maker Titan Aerospace for $60 million and Amazon's UAV-delivery demo back in December, it seems everyone is getting into the drone business. And why not? With the global market for small unmanned aircraft systems (sUAS) expected to hit $582.2 million before 2020, according to new research from consulting firm MarketsandMarkets, the business potential is very apparent.
What is your 3D-related profession?
SPARView delivers the latest news and information about the 3D imaging marketplace to opt-in subscribers. Get all the latest news and research from the SPAR Point Group delivered right to your inbox. Membership in SPARPointGroup.com includes a subscription to this highly anticipated bi-weekly newsletter.
Become a Member to subscribe now.
measurand, n— particular quantity subject to measurement. (VIM 2.6) DISCUSSION— (1) Example includes vapor pressure of a given sample of water at 20°C. (2) The specification of a measurand may require statements about quantities such as time, temperature, and