Monday, December 10, 2007

Insitu Raises $25M

Bingen, Washinton-based unmanned aircraft maker Insitu has raised $25M in a new round of funding, according to the company. The round came from Battery Ventures, Second Avenue Partners and Pteranodon Ventures. Insitu's UAVs are used for military and other UAV applications. The funding was first reported by PEHub.com. More information »