Rotor Technologies is Bringing the Two Largest Commercial Drones to Market

April 23 2018 airport

Rotor Technologies, Inc. has announced the launch of the world’s two largest commercial drones. The startup, which is based in New Hampshire, was founded by a team of MIT aerospace engineers to develop and manufacture the most capable commercial UAVs possible.

The new drones, named Airtruck and Sparyhawk, have been based on the Robinson R44 helicopter airframe – which is a four-seat light helicopter commercialized in 1992. The drone design, however, has adapted the R44 frame to support lifting cargo and spraying crops, all while remotely operated.

Airtruck is a general utility drone able to move up to 1,000 lb (453 kg) of cargo, while Sprayhawk has been conceived as an agricultural UAV, carrying a 110-gallon tank for crop dusting.

Rotor Technologies, which is collaborating with helicopter manufacturer Robinson to develop the two drones, plans to build some 25 units per year of the two models (15 Sprayhawks and 10 Airtrucks) at its New Hampshire plant.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

US Government Launches $1.6B Advanced Chip R&D Competition

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The Commerce Department has announced plans for a $1.6 billion advanced chip R&D competition. This CHIPS for America program will make awards of around $150 million each to promote private sector investment in five research areas.

The money will come through the 2022 Chips and Science Act in an effort to accelerate the US’s expertise in advanced packaging. Advanced packaging technology is in high demand now with advances in semiconductor technology powered by the growth of artificial intelligence applications and microelectronics. Currently, this market is dominated by Asian countries, and the US is estimated to control just 3% of the world’s capacity.

The US government outlined its vision for boosting its advanced chip capabilities in the National Advanced Packaging Manufacturing Program (NAPMP), which was unveiled last year. It has already handed out financial incentives to companies such as Intel , SK Hynix, Amkor and Samsung to boost the domestic advanced packaging sector.

With this new announcement the US Commerce Department is targeting five R&D areas:

  • Equipment, tools, processes, and process integration
  • Power delivery and thermal management
  • Connector technology, including photonics and radio frequency (RF)
  • Chiplets ecosystem
  • Co-design/electronic design automation (EDA)

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Zephyr AI: Pioneering the Future of Precision Medicine

Alaska Patent of the Month - September 2021

In the dynamic world of healthcare, a McLean-based startup, Zephyr AI, is making waves with its groundbreaking approach to precision medicine and a newly successful funding round. Established in 2020, Zephyr AI is on a mission to democratize personalized treatment by harnessing the power of artificial intelligence (AI) to extract meaningful insights from complex healthcare data.

Zephyr AI’s innovative algorithms aim to address a pressing need in the medical field: the ability to deliver precise, individualized treatments without waiting for the next generation of high-fidelity data. As Jeff Sherman, co-founder and interim CEO, emphasizes, the company operates with a sense of urgency to provide solutions for patients today.

Precision medicine, the focus of Zephyr AI, tailors medical management decisions to the unique genomic, environmental, and lifestyle factors of each patient. This approach promises to transform the treatment landscape for diseases such as cancer and heart disease by offering targeted and effective therapies.

In a significant milestone, Zephyr AI secured $111 million in a Series A funding round in March, attracting investments from prominent entities like Revolution Growth and Eli Lilly & Co. This funding is set to accelerate the development of their AI-driven algorithms and expand their capacity to analyze vast datasets for more nuanced medical insights.

The company was co-founded by industry visionaries Grant Verstandig and Yisroel Brumer, who bring a wealth of experience from healthcare and defense sectors. Under their leadership, Zephyr AI is gearing up to significantly expand its team, particularly in science, engineering, and business development.

A key factor in Zephyr AI’s success has been its ability to demonstrate the real-world effectiveness of its algorithms. During investor demos, the company showcased how their technology can distinguish between patients with similar clinical profiles who respond differently to treatments. This capability underscores the potential of AI to revolutionize personalized medicine by ensuring that patients receive the most effective therapies based on their unique characteristics.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

AI-Powered Growth: FirmPilot’s $7M Boost for Law Firm Marketing

FirmPilot AI, Inc., an AI-driven marketing platform for law firms, has closed a $7 million Series A funding round, led by Blumberg Capital and supported by Valor Ventures, SaaS Ventures, FJ Labs, and Connexa Capital. This investment aims to revolutionize how law firms enhance their online visibility and attract clients.

Founded by experts in marketing and artificial intelligence, FirmPilot uses cutting-edge technology to provide efficient digital marketing solutions. The platform’s AI engine analyzes competitive landscapes and market trends, identifying strategies to maximize firms’ online rankings in search results, ads, and social media.

FirmPilot’s proprietary technology, built on a comprehensive database of over 3,000 legal cases and 5 million pieces of content, continuously learns and improves its algorithms. This enables law firms to gain data-driven insights and automated, high-quality marketing content tailored to high-demand areas like personal injury, workers’ compensation, family law, immigration, and medical malpractice.

Law firms across the U.S. are embracing FirmPilot’s technology-forward approach. The AI engine helps firms grow their client base by understanding what potential clients are searching for and how to outperform competitors. In the past year alone, FirmPilot has generated over 12,000 customer leads, a 200% increase compared to traditional methods.

FirmPilot provides real-time access to accurate marketing performance data, allowing firms to make informed decisions and move beyond traditional agency reports. This transparency and precision enable firms to optimize their marketing efforts efficiently.

FirmPilot’s innovative approach is already making waves in the legal industry. By switching to FirmPilot, law firms can reduce marketing costs by 50-70% while achieving a higher ROI compared to traditional marketing agencies. This cost efficiency, combined with tangible results, makes FirmPilot an attractive choice for firms seeking to enhance their digital presence.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

HerdDogg’s Tech Breakthrough: Doubling Sales and Reducing Emissions

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HerdDogg, Inc., an innovative Animal AgTech company, has successfully closed a $6 million Series A4 funding round, led by Serra Ventures and Wonder Fund North Dakota, with contributions from Lever VC Fund II and other investors. This milestone comes as the company doubles the deployment of its smart ear tags across the U.S. and Australia, with plans to expand into Canada soon.

HerdDogg’s smart ear tags, often referred to as the “Fitbit for Cows,” are designed to monitor the internal body temperature, movement, and acceleration of cattle. Utilizing sophisticated data analytics, HerdDogg’s system can detect disease in cows days earlier than traditional methods, allowing for timely intervention and a significant reduction in on-farm mortality. By lowering mortality rates, this technology not only spares animals but also reduces the number of cows required in the beef and dairy supply chain, thus decreasing methane emissions.

CEO Andrew Uden, a sixth-generation cattle industry veteran, emphasizes the dual benefits of HerdDogg’s technology: improving the lives of cattlemen and their animals while enhancing efficiency and sustainability on farms. Early disease detection and the consequent reduction in mortality and morbidity align farm practices with consumer demand for higher animal welfare standards and lower greenhouse gas emissions.

Data from the USDA shows a troubling increase in mortality rates in both small and large feedlots since 1999. Currently, the average mortality rate for beef cattle is approximately 8.3%, resulting in over 2 million cows dying each year before they reach the slaughterhouse. Each of these cows emits around 220 pounds of methane annually, equating to roughly 5 million metric tons of CO2 equivalent emissions. HerdDogg’s smart ear tag system, if widely adopted, could reduce the number of cows raised for food by approximately 700,000 animals and spare 1.7 million metric tons of CO2 equivalent emissions annually.

HerdDogg’s innovative approach not only promises to revolutionize cattle health management but also plays a crucial role in reducing the environmental impact of cattle farming. With its latest funding round, HerdDogg is poised to expand its reach and continue its mission to improve animal welfare and sustainability in agriculture.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Huntress’ $150M Milestone: Revolutionizing Cybersecurity for SMEs

Missouri Patent of the Month - September 2021

Huntress, a trailblazer in cybersecurity for small businesses and service providers, has achieved a significant milestone by securing $150 million in a Series D funding round. This latest investment, led by Kleiner Perkins, Meritech Capital, and returning investor Sapphire Ventures, has propelled Huntress’ valuation beyond $1.5 billion, marking a pivotal moment in the company’s growth trajectory.

The fresh influx of capital will be channeled into advancing Huntress’ research in endpoint, identity, cloud, and SaaS security, as well as facilitating strategic acquisitions. This commitment underscores Huntress’ dedication to bolstering the cybersecurity defenses of small enterprises, which form the backbone of the global economy.

Huntress specializes in delivering cutting-edge cybersecurity solutions through its acclaimed Managed Security Platform. This platform, renowned for its advanced capabilities, integrates endpoint detection and response, identity threat detection and response, security awareness training, and an upcoming Security Information and Event Management (SIEM) solution. All these features are supported by a world-class Security Operations Center (SOC), ensuring robust protection for clients.

With the new funding, Huntress aims to develop and acquire innovative products, furthering its mission to safeguard vulnerable companies. The company is poised to expand its reach, ensuring that small businesses have access to top-tier cybersecurity tools before cybercriminals can exploit them.

Huntress’ recent accomplishments include over 70% year-over-year revenue growth for the past two years, recognition as the industry leader in endpoint detection and response for the eighth consecutive season, and leadership in managed detection and response according to G2 rankings. As Huntress approaches $100 million in annual recurring revenue and protects nearly 3.5 million endpoints and identities, this funding milestone marks a new era in the company’s mission to elevate cybersecurity for small enterprises worldwide.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Understory Secures $15M for Climate-Resilient Renewable Energy Solutions

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Understory, a leading provider of insurance solutions against severe weather losses, has recently raised $15 million in a Series A funding round led by True Ventures and Prelude Ventures, along with other undisclosed investors. This significant investment will support the company’s expansion into the renewable energy sector, highlighting its innovative approach to weather risk mitigation.

Founded in 2014 by Alex Kubicek and Brian Down, Understory has revolutionized weather tracking and forecasting with its ground-level weather stations, known as Dots. These cutting-edge stations measure various weather parameters 125,000 times per second, providing detailed and accurate ground-level data. This technology has been instrumental in building comprehensive catastrophe models and developing parametric insurance offerings.

Understory’s global network of weather stations empowers sophisticated weather risk models by combining mutualized, optimized risk structures with precision weather technology. The company has already made a significant impact with its Dealers Open Lot insurance solution, which protects U.S. auto dealers from severe weather damage. This product has safeguarded dealer inventories across nearly 1,000 locations, reducing weather damage costs by over $65 million and overall claim trends by 60%.

With the new funding, Understory is set to launch a product tailored for the renewable energy sector. This innovative solution aims to help solar farms mitigate weather-related risks, such as hail damage. By predicting weather events up to 45 minutes in advance, the technology allows operators to take preemptive measures, significantly reducing repair costs.

Understory’s CEO, Alex Kubicek, emphasized the potential of their technology to transform the solar industry by minimizing severe weather impacts. The firm’s rapid growth, marked by a 500% year-on-year increase, underscores its crucial role in providing effective weather risk management solutions.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Senators Propose Using Emergency Funds to Develop Non-Defense AI R&D

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On May 15, 2024, a bipartisan group of senators released an outline of a solution to drive innovation in the U.S., particularly in AI. The blueprint proposes Congress rapidly ramp up federal spending on AI R&D using “emergency” appropriations.

Led by Senate Majority Leader Chuck Schumer (D-NY), a key architect of a similar emergency infusion for semiconductor manufacturing and R&D provided by the CHIPS and Science Act of 2022. The group’s other members are Sens. Todd Young (R-IN), Martin Heinrich (D-NM), and Mike Rounds (R-SD).

The proposed solution would fund non-defense AI R&D programs across the government to at least $32 billion per year. This value would match the level proposed in 2021 by the National Security commission on AI (NSCAI). The commission estimated that federal agencies spent about $1 billion on such R&D in fiscal year 2020 and proposed that Congress double that figure each year over five years.

Despite this recommendation by the NSCAI, there has not been even close to this pace of funding.

The proposal identifies priority programs for the funds to be spent on, including:

  • A cross-government AI R&D effort that spans the Department of Energy, National Science Foundation, National Institute of Standards and Technology, National Institutes of Health, NASA, and other relevant agencies;
  • An “AI-ready data” initiative that has a focus on “fundamental and applied science, such as biotechnology, advanced computing, robotics, and materials science”;
  • Efforts authorized by the CHIPS and Science Act that have not been fully funded, including but not limited to NSF’s education programs and its Directorate for Technology, Innovation, and Partnerships, DOE’s advanced computing and microelectronics programs, and the Commerce Department’s regional technology development hubs;
  • NSF’s National AI Research Resource and its National AI Research Institutes;
  • “AI Grand Challenge” programs that focus in part on developing applications to “fundamentally transform the process of science, engineering, or medicine”;
  • NIST’s AI programs as well as construction projects to “address years of backlog in maintaining NIST’s physical infrastructure”; and
  • A joint NIST-DOE test bed to “identify, test, and synthesize new materials to support advanced manufacturing through the use of AI, autonomous laboratories, and AI integration with other emerging technologies, such as quantum computing and robotics.”

In their blueprint, the senators recommend funding efforts to mitigate threats from AI-enhanced biological, chemical, and nuclear weapons, including through testbeds and model evaluation tools developed by DOE.

Any initiative will also need buy-in from the House. Schumer said he intends to raise the subject soon with House Speaker Mike Johnson (R-LA), who established his own bipartisan taskforce on AI  in February.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

HighByte Secures $12M Series A to Drive Innovation in Industrial Software

Georgia Patent of the Month - January 2022

HighByte, Inc., a Portland-based industrial software company, has announced a significant milestone with the closure of a $12 million Series A funding round led by Standard Investments. This injection of capital is earmarked primarily for research and development efforts, strategic partner management, and customer success initiatives aimed at accelerating market penetration and expanding deployments within existing accounts.

The company’s Industrial DataOps platform, HighByte Intelligence Hub, facilitates the seamless collection, analysis, and application of industrial data, offering manufacturers a transformative solution to improve physical operations. This approach is becoming increasingly crucial as top-performing manufacturers grapple with mounting data complexity and the need for enhanced efficiency and security throughout their operations and supply chains.

HighByte’s CEO, Tony Paine, expressed confidence in the company’s trajectory, citing a tripling of ARR in 2023 and a strong product-market fit across various vertical markets. With plans to further invest in the business to meet growing customer demand and expand global partnerships, HighByte aims to remain at the forefront of innovation in industrial software.

Founded in 2018 by a team with over 50 years of combined experience in industrial data, HighByte has quickly garnered attention for its pioneering approach to Industrial DataOps. The company’s success underscores the growing demand for solutions that streamline data architecture and integration challenges in the era of Industry 4.0.

The partnership with Standard Investments, known for its focus on investing in companies shaping the industrial world through technology, is expected to propel HighByte into its next phase of growth. With a commitment to innovation and a deep understanding of industrial challenges, HighByte is poised to continue driving advancements in industrial software and contributing to the evolution of Industry 4.0.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Sunflower Fuels: Pioneering Sustainable Biofuel Solutions

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Sunflower Fuels, a startup in the renewable energy sector, has named Gaby Blocher, a Cincinnati native, as the new CEO. The company is revolutionizing the way we think about sustainable fuel solutions.

Harnessing the power of agricultural crops, Sunflower Fuels is at the forefront of developing biofuels that offer a cleaner and greener alternative to traditional fossil fuels. By utilizing crops like sunflowers, the company is paving the way for a more sustainable future while reducing our dependence on non-renewable resources.

Under Blocher’s leadership, Sunflower Fuels is driving research and development efforts to optimize biofuel production processes. By leveraging cutting-edge technology and scientific expertise, the company is continuously innovating to improve the efficiency and scalability of its biofuel solutions.

One of the key advantages of Sunflower Fuels’ approach is its focus on utilizing crops that are abundant and environmentally friendly. Sunflowers, in particular, offer a high yield and require minimal inputs compared to other biofuel feedstocks, making them a sustainable choice for biofuel production.

In addition to its commitment to environmental sustainability, Sunflower Fuels is also dedicated to promoting economic growth and rural development. By partnering with local farmers and communities, the company is creating new opportunities for agricultural producers while contributing to the growth of rural economies.

As the demand for renewable energy continues to grow, Sunflower Fuels is well-positioned to lead the charge towards a cleaner, greener future. With Gaby Blocher at the helm, the company is poised to drive innovation, expand its reach, and make a meaningful impact on the transition to renewable energy sources.

Through its dedication to sustainability, innovation, and community partnership, Sunflower Fuels is proving that biofuels have the potential to play a significant role in addressing climate change and building a more sustainable world.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.