In a development that merits scrutiny, Pyka, the Alameda-based electric aviation company, has secured $40 million in Series B funding. The investment arrives at a time when autonomous aviation continues to evolve. Funding Details and Strategic Direction Obvious Ventures leads the funding round, joined by Piva Capital, Prelude Ventures, Metaplanet Holdings, and Y Combinator. The capital injection targets three crucial areas: expanding domestic manufacturing, increasing production of existing aircraft models, and developing contested logistics capabilities for military applications. “From the beginning, Pyka was focused on getting into the air and getting into business with commercial operations. Their cost-effective mindset and … Continue reading Pyka Raises $40M for Largest FAA-Approved Uncrewed Aircraft in Agriculture, Defense, and Cargo Aviation