Drone Maker CyPhy Works Raises $22 Million in Series B Funding
CyPhy Works, the fast-growing drone startup launched by iRobot co-Founder Helen Greiner, today announces the close of a $22 million Series B investment round. The new financing was led by Bes-semer Venture Partners (BVP), and includes participation from strategic partners Motorola Solutions Venture Capital, UPS Strategic Enterprise Fund, and Draper Nexus. Existing investors Lux Capital and General Catalyst Partners also participated in the round. In September 2013, CyPhy Works an-nounced $7M funding led by Lux Capital.