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S.F. drone startup aborts mission after exhausting $118 million in funding

S.F. drone startup aborts mission after exhausting $118 million in funding

San Francisco-based Airware, once sky high with ambition, has halted operations, despite pumping $118 million of investment into its drone operating system. The aerial intelligence company told employees Friday that it would shutter immediately, running out of cash flow “after trying to manufacture its own hardware that couldn’t compete with drone giants like China’s DJI,” TechCrunch reports. Top investors in the startup included Andreessen Horowitz, Google’s GV and Kleiner Perkins. The…

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Anaplan files to go public after snagging ex-Tesla exec as finance chief

Anaplan files to go public after snagging ex-Tesla exec as finance chief

San Francisco-based Anaplan filed an IPO prospectus on Friday. The software company joins the growing number of Bay Area tech enterprises filing to go public this year, including SurveyMonkey, DocuSign and Zuora. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are leading the offering, with the number of shares and price range yet to be determined. Founded in 2006, the company, which provides business planning software in the cloud, now has more than 20 offices worldwide, 175 partners and…

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