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UPDATED 13:23 EST / FEBRUARY 16 2017

EMERGING TECH

Verizon acquires startup Skyward to manage drone fleets

Verizon Communications Inc.’s ambitions for the burgeoning drone market aren’t limited to merely providing operators with access to its wireless network.

The carrier also plans to offer value-added tools for easing fleet operations, a plan that was set into motion today following the announcement that it’s acquiring Skyward IO Inc. The Portland-based startup, which has previously received an investment from Verizon’s venture capital arm, sells a platform that aims to help businesses automate the administrative work involved in managing their drones.

At the core of Skyward’s software is a specialized record-keeping system that provides a central environment for storing information related to fleet activity. A user can produce a digital log of its drones and upload the relevant documentation for each, including most of everything from regulatory authorizations to insurance policies if a craft is expensive enough to justify buying coverage. Moreover, the system also collects operational data through a built-in flight management tool that constitutes its other major selling point.

According to Skyward, operators can plan every stage of their drone trips through a sleek administrative console. The dashboard features an interactive airspace map that flight restrictions, hazards and other points of interest in the designated operating zone. Once the route is charted, the startup’s platform makes it possible to share the relevant information with field crews easily via a mobile app.

Today’s acquisition will see Skyward become part of Verizon’s Airborne LTE Operations, an initiative that was launched last year with the goal of making its wireless network more appealing to drone operators. It’s a big market that includes a wide variety of organizations ranging from farms to tech companies such as Amazon.com Inc. and Google looking to explore new business models. The carrier is facing off against AT&T Inc., which launched a similar push a few quarters prior.

Both companies are pushing their drone services as part of a broader effort to monetize the billions of new devices set to join the connected universe over the next few years. They’re competing not only with one another but also SigFox S.A., a French startup that recently raised $158 million in funding to build a low-cost wireless network specifically geared toward connected devices.

Image via Pixabay

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