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Drone Racing: Where Tech Meets Entertainment

Credit: The Street
Published on August 7, 2019 - Duration: 03:39s

Drone Racing: Where Tech Meets Entertainment

When investors think of drones they think of GoPro and the potential for the technology to revolutionize delivery services.

But they may be missing the bigger picture.

The Drone Racing League is launching its fourth season in August 2019, and while its streaming partnership with Twitter and NBC Sports seem to position the company firmly as a media company, CEO Nicholas Horbaczewski believes that his company is a tech company first.

"This is a phenomenal time to be investing in drones and new sports.

The drone racing league is a technology company because at our core, it's the technology that enables all the things we want to do.

We cannot perform our sport without our advanced drones and radio systems," Horbaczewski said.

The company is in the midst of a $50 million Series C funding round, with $26 million of that total already raised.

It is also releasing the fourth generation of its Racer drone in August 2019, marking the first time the company will make the drones piloted by members of its league available to the public.

To see the full interview, check out the video above.

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