Overwatch Imaging, an Oregon venture that specializes in airborne imaging systems, says it has won a multimillion-dollar investment from Tenax Aerospace, which focuses on aviation solutions that are specialized to suit the needs of its clients in government and the commercial sector.
The Series A funding deal, announced today, builds on an existing partnership between Overwatch and Tenax, a privately held company that’s based in Mississippi. It marks the first outside investment taken in by Overwatch, which was founded in 2016. Overwatch CEO and co-founder Greg Davis said the size of the investment amounts to millions of dollars, but he declined to be more precise.
The money will go toward expanding Overwatch’s production operations into a larger facility in Hood River, Ore., and accelerating development of the company’s AI software for autonomous imagery collection and analysis.