Resson Aerospace scores $3.025 million in funding from Rho Canada Ventures, Build Ventures and others

Fredericton-based Resson Aerospace, a company that launched in 2013 helps create efficiencies to maximize production and profits by using drones and swarm robotics, has successfully raised $3.025 million. The investment was led by Rho Canada Ventures and Build Ventures, and also saw participation from BDC Capital, New Brunswick Innovation Foundation and an unknown group of private investors.

Peter Goggin, CEO and Co-Founder of Resson Aerospace, stated that the funding will accelerate our technology and hire key staff to continue to lead within the and continue to lead in the bioinformatics and data analytics space.

“We are impressed by the traction Resson Aerospace earned with some of the biggest names in agricultural production. With this funding, they can bring more new technology to the market to improve the efficiency and profitability of their customers,” said Jeff Grammer, Partner with Rho Canada Ventures.

“Food production is a multi-trillion-dollar global business. In a short period of time, Resson Aerospace has emerged as leader in using technology to improve crop yields. With a smart team and a strong product plan, they have a bright future ahead,” said Rob Barbara with Build Ventures.

Ian Hardy

Ian Hardy

Ian is publisher at MobileSyrup. He's been quietly creating and building things for years and is completely addicted to Tim Hortons.