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Venture Capital News: Linebird Announces Additional Funding

2022-07-08
RICHMOND, VA, Linebird announces new investment led by Virginia Venture Partners.
Virginia Venture Partners, the equity investment program of Virginia Innovation Partnership Corporation (VIPC), today announced an additional investment in Linebird, developer of a solution that addresses the safety concerns of grid maintenance and monitoring with unmanned aerial systems (UAS). Since VIPC's initial investment in March 2021, Linebird's accomplishments include a product launch, closing the company's first sales, and raising $350k led by VVP, Trolley Ventures, Potential Energy DC and other Richmond area angels.

Linebird is working to transform the way power transmission infrastructure is inspected and maintained, expanding the capabilities of unmanned systems to take work that was once costly and life - threatening and do it quickly, cheaply, and remotely with the power of automation. We are currently building a prototype to demonstrate that unmanned systems can bring lineman tools in contact with live transmission lines through a patent-pending process.
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