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Airware is shutting down after raising $118M

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Re: Airware is shutting down after raising $118M

#141
post #126

Earlier quoted context omitted.

Out of interest, could you name a couple? I just happened to come across a couple students that are tackling this problem via drones.

A vehicle on wheels or a track is orders of magnitude more efficient. It’s not sexy but it’s more effective than having to power a flying vehicle and control it autonomously. If you really want something more drone-like, hang it from the ceiling.

What kind of solution is best depends to 100% on thr warehouse you are looking at.

Take you standard Amazon warehouse for small articles as an example. Maximizing untilisation, meaning the ratio between space used und spa e available, in that case you end up with a never ending mixture of differwnt small articles in the same location. Without RFID chips on every article, which is as of now prohibitively expensive, the only feasible way to count the inventory is using people.

For other warehouses and articles, like white goods or other large stuff that easily identified with out touching it whether a drone, a ground vehicle or something running on rails is better suited depends on a couple of factors. If you might run into situations that require a chenged warehouse layout, which occurs much more often than you think, fixed installations add a lot to the fix costs and rwduce flexibility.

Using ground based solutions runs into issues with high warehouses, storing up to 15 meters in height is not uncommon. Again, density is the main reason for this, getting more inventory at the se number of square meters. In that case a drone is both more flexible and can cover the heights as well.

But thats theory, not sure what came out of the Fraunhofer trials covering white goods.

Re: Airware is shutting down after raising $118M

#142
post #135

Earlier quoted context omitted.

I'm not sure what conference you were at/what you saw presented, but there is drone software that creates a lot of value for construction, engineering, and mining companies. BVLOS may create a lot of value some day, but there are a lot more technical hurdles that will need to be cleared before it becomes safe and mainstream, just like Level 4/5 self driving cars. (unless you're talking about doing FPV inspections.) D…

>Each mine that deploys our software saves, on average, 6 figures per year (after the product cost). Where do the savings come from?

They come from man hour savings from generating a topography of the mine and stockpiles. Our mining customers have found our product gives results within 1.1% of the accuracy of laser scanning the mine and is more accurate than the results from traditional methodology performed by an average ~3 person survey crew. It requires only a single person to capture the mine, and customers get the data back in a single day rather than 3 to 4 days later. Thus, they can capture the mine topography far more inexpensively and far for frequently than they could previously.

Re: Airware is shutting down after raising $118M

#143

Earlier quoted context omitted.

Off topic, but is there anything interesting going on in the cryptocurrency space? I stopped following circa 2015 after seeing Bitcoin/blockchain co-opted by a bunch of hucksters for a bunch of get-rich-quick schemes (including internal projects at more than a few major technology companies). I've heard stirrings about a few "stablecoin" project with more solid economic underpinnings, but am skeptical anyone can come…

There is a lot of interesting stuff going on in the cryptocurrency space, but it's all fairly high-risk/speculative stuff. Off the top of my head, there's: Fixing the transaction delays & scalability problems of Bitcoin (Nano, Iota). Fixing web advertising (Brave/BAT). Decentralized prediction markets (Augur). Tokenizing real estate (lots of startups). Decentralized stablecoins (DAI). DApp platforms (Ethereum, EOS, b…

Appreciate you taking the time to share these thoughts, especially as I don't have any biz experience from the dot com bubble times, so it's interesting to get that perspective.

I see cryptocurrencies as an offshoot of people misunderstanding what a blockchain can/can't do, and those seeking to profit from this misunderstanding.

I see the blockchain as a new way to structure data, e.g. a new type of database. It can be used to create a ledger/method of exchange within a financial system, but to me the underlying technology is not financial in nature, it's just a new way to structure and store data.

The way the blockchain is implemented in Bitcoin is ideal for a decentralized financial system, but to me it is much less efficient than a system relying on a trusted 3rd party for accounting/balancing ledgers. This is the fundamental tradeoff - efficiency/trust.

Among myself/my friends, I don't see anyone desperate for an alternative to the mainstream system, I actually see good progress in fintech companies such as Venmo/TransferWise/Monzo etc. that are getting bought up by the bigger banks/payments providers. But if I was trying to move more money across stricter borders, I could see the desire for new financial products/systems (legality aside).

I'll check back in with you in a year to see what's up ;)

Re: Airware is shutting down after raising $118M

#144

Earlier quoted context omitted.

Isn't DARPA investing in this space? Seems like the kind of thing they're usually interested in.

Sure, but DARPA and their contracts don't move the technology like a bunch of enthusiasts hacking on DJI drones. I presume that is why the Army has been doing things with the DJI drones (I'm sure they do stuff with Boeing drones or equivalents as well but I am also sure they aren't $1500 off the shelf at WalMart). It just seems like having a vibrant domestic drone market would be a strategically useful thing.

Pretty much all modern technology is based on stuff DARPA and other government institutions have funded over the past decades. I'm not sure what you expect a couple of hackers to be able to do without a similar amount of funding. Research and development is ridiculously expensive.

Re: Airware is shutting down after raising $118M

#145
post #42

Earlier quoted context omitted.

Yep. I've seen this happen to another startup. They leased a massive (for them) office space only to shut down a few months later after a funding round fell through horribly.

A few months later is a lot different than 4 days later.

Big office deals take a long time to start, and have inertia once they're going. I can easily see someone starting a moderately speculative office expansion project and then getting distracted with fundraising, only to have everything fall apart at the same time, many months later.

Said another way: given the number of liabilities at a company that has taken hundreds of millions in funding and is flying low over the ground, a lease is probably not you biggest concern.

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