GOLDEN, Colo., March 19, 2018—Juniper Unmanned, Inc., a premier operator of unmanned aircraft systems (UAS) with advanced sensing technologies, announced the closing of its most recent funding. Due to robust customer activity and a high level of investor interest, Juniper Unmanned elected to more than double its targeted offering. The funding was led by Chicago-based MARCorp Financial, a private investment firm specializing in the funding of growth companies featuring disruptive technologies. This funding will allow Juniper Unmanned to fortify its role as the leader in the analysis and application of very high-resolution imagery and remotely-sensed data collected via UAS.
“We are excited to have the support of MARCorp and the benefit of their experience with high-growth organizations,” said Jeff Cozart, Juniper Unmanned CEO. “Using extremely high-quality imagery and data collected via UAS, our experts conduct full-spectrum analysis using statistical software, so we can provide our customers timely and actionable data to significantly improve the speed, cost-effectiveness, and safety of their operations[JL1] .”
"Juniper Unmanned’s innovative solutions will radically increase the value associated with the way worksite data is collected and utilized. We believe Juniper Unmanned’s approach will be a catalyst for profound transformation of business operations all over the world," said MARCorp Managing Director Jeff McCoy, who has joined the Juniper Unmanned board of directors.
Aspenwood Capital acted as the exclusive financial advisor for Juniper Unmanned in connection with this transaction.