Facebook To Buy Drone Maker Titan Aerospace

facebook_to_buy_drone_maker_titan_quikrpostFacebook has been leaned in an interesting business move, with sources saying it is acquiring drone maker Titan Aerospace. With these drones, the social network will reportedly be undertaking an effort similar to Google’s Project Loon, bringing Internet access to regions that are currently unconnected, or having very limited (usually expensive) options. The Solara 60 is the model which Facebook is interested in, and Facebook will apparently build 11,000 of these drones to provide Internet access to areas which have no coverage.

Titan Aerospace is a privately held venture with R&D facilities in New Mexico. The company has raised an undisclosed amount of funding through seed and Series A and A-1 rounds, and had announced in October 2013 it would open a B round soon.

Techcrunch says that Facebook founder Mark Zuckerberg & Co are in talks with drone maker Titan Aerospace to bring their solar-powered UAVs onboard for the ambitious plan of bringing the next 5 billion people online. Facebook, driven by Zuckerberg, is one of the leading companies invested in the Internet.org project and these drones would fit right in their plan. The website says its sources have revealed the price for this acquisition to be around $60 million, which, if true, is significantly less than what the company paid to acquire WhatsApp.

“The company would start by building 11,000 of these unmanned aerial vehicles (UAVs), specifically the “Solara 60? model,” TechCrunch’s Sarah Perez and Josh Constine write. “The Solara 50 and 60 models can be launched at night using power from internal battery packs, then when the sun rises, they can store enough energy to ascend to 20KM above sea level where they can remain for five years without needing to land or refuel.”

MUST READ  Touchscreen-Friendly Glove with just a Drop of Liquid

It is a long term plan for sure. And all of this fits in with Facebook’s plan for the future. They have also recently acquired Onavo- a company which works on data compression. In all probability it might be used to develop technologies so that even with slow speeds the Internet will be accessible to everyone.

You can follow us on Twitter , add us to your circle on Google+ or like our Facebook page to keep yourself updated on all the latest happenings in the world of tech.

Anurag

Engineer by responsibility and Blogger by choice, Hi I am Anurag Ajmera from Ajmer (by birth) and living in Karnal and Delhi NCR for the last 20 years of my 24 years of life. Passionate about trekking, coding and discovering. I love to meet new people and do sketching in my spare time. Hard on my principles and soft on my skills I love to play football. Vegetarian by force I have respect for nature and its beauty.

You May also Want to Read

MUST READ  All that you need to know about Net Neutrality in India and debate around it.

Anurag

Engineer by responsibility and Blogger by choice, Hi I am Anurag Ajmera from Ajmer (by birth) and living in Karnal and Delhi NCR for the last 20 years of my 24 years of life. Passionate about trekking, coding and discovering. I love to meet new people and do sketching in my spare time. Hard on my principles and soft on my skills I love to play football. Vegetarian by force I have respect for nature and its beauty.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>