A Richmond company that builds tools that drones use to work on live power lines closed $350,000 in convertible debt financing last month.
Linebird builds specialized payloads, tools and sensors for drones that allow work on live power lines — work that would otherwise require a manned crew in a helicopter or a bucket truck in a hazardous situation. Linebird’s Opsrey system can function at high altitude and on high-voltage transmission lines, letting the pilot operate with it with boots safely on the ground.
“That money is going to be used to serve our initial customers, so that we get excellent initial roll up and deployments to the big names that we’re working with within utility industry,” said Linebird founder and CEO Michael Beiro.
Beiro also plans to use the funding to expand the four-person company’s sales efforts, to attend more trade shows and increase its marketing marketing efforts all in a bid to grow revenue.
“It’ll put us in a good position to raise…
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