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© boeing Electronics Production | October 20, 2017

Boeing invests in unmanned systems technology company

Boeing has made an investment in Near Earth Autonomy, a Pittsburgh-based company focused on developing a portfolio of technologies that enable safe and reliable autonomous flight.
In addition to the investment, Boeing and Near Earth Autonomy also announced a partnership to explore future products and applications for emerging markets such as urban mobility.

"This partnership will accelerate technology solutions that we feel will be key to unlocking emerging markets of autonomous flight," said Steve Nordlund, Boeing HorizonX vice president. "We are excited to begin this partnership with a company with such a depth of experience in autonomy so we can leverage the scale of Boeing to innovate for our customers."

The investment in Near Earth Autonomy is the first in autonomous technologies by Boeing HorizonX Ventures since it was established in April. Near Earth Autonomy, a spin-off from Carnegie Mellon University's Robotics Institute, is focusing on software and sensor technology that enables aircraft ranging from sub-meter to full scale to inspect, map and survey terrain and infrastructure, as well as transport cargo autonomously.

"This is an exciting opportunity for Near Earth," said Sanjiv Singh, CEO, Near Earth Autonomy. "The Boeing HorizonX investment will accelerate the development of robust products and enable access to a broader portfolio of applications for aerial autonomy."

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November 14 2017 8:30 PM V8.8.9-2