What
Open-source drone technology design, engineering and manufacturing company.
Disrupting
The traditional aerial vehicle design and manufacturing process.
What
Open-source drone technology design, engineering and manufacturing company.
Disrupting
The traditional aerial vehicle design and manufacturing process.
Headquarters: San Diego, Calif.
CEO: Chris Anderson
Year Founded: 2009
Number of Employees: 70
Funding: $5 million
Key Investors: True Ventures and O'Reilly AlphaTech Ventures
"I'd define disruption as 'Order of magnitude innovation.' Products or services that are factors of ten cheaper, faster, better, smaller or easier to use. When you throw that kind of innovation into a market, it is intrinsically disruptive (usually to the benefit of consumers)."
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.