Facebook To Acquire Drone Maker Titan Aerospace
Facebook is in highlights at the moment to gain access to Titan Aerospace, the maker of a solar powered high-altitude drone that can stay in the air for five years as mentioned by TechCrunch report. This acquisition is the big step towards the development of internet.org, coalition of Facebook headed mobile companies that are striving to bring internet access to 5 billion or so people around the world who are still lacking internet connectivity. The worth of acquisition is $60 million, grabbing a source that provides access to plenty of information, TechCrunch reported.
These high-flying drones will be quite useful to blanket areas that are not provided with the facility if internet. The efforts will begin from Africa. The company would initiate the process by building around 11000 unarmed aerial vehicles (UAV), most notably the “Solara 60 model”.
These drones are pretty much the atmospheric satellites that can play the role of a complete orbital satellite. Moreover, these drones are economical with all-round capabilities. The drones could be put to many uses, including weather monitoring, disaster discovery, communications, Earth imaging as claimed by the company.
The Solara 50 and 60 models can be easily launched at the time of dark with internal power from battery packs. As the Sun rises, they can utilize its energy to go higher 20Km above sea level where they can stay for five years without any need for refueling or landing. Such kind of capabilities is desired for regional internet services similar to those provided by internet.org.
Ars Technica took a deep look at this amazing technology and the details of the history behind Titan’s aircraft last August. Titan Aerospace is a venture that is privately held having R&D facilities in New Mexico. The company has raised a lot of money through series A and A-1 rounds and seed. It has announced that it would release the B round soon in October.
CEO Vern Raburn is leading the Titans, previously CEO and founder of Eclipse Aviation. The company was founded in 2012 by Max Yaney (CTO) in order to produce ‘atmosats’ that are new types of UAVs that usually work near the satellites of Earth at only a fraction of cost.
After the acquisition, all production of the Titan Aerospace would be dedicated for internet .org as revealed by the source in this regard. Eventually Facebook is moving forward towards lifetime lucrative user.