News Summary

• Philadelphia-based robotics company Asylon announced Tuesday that it raised a $26 million Series B led by Insight Partners.
• It previously raised about $21 million, plus some government grants, bringing its total raised to about $45 million.
• Asylon offers the drones, dogs, and software as its robotic security as a service (RaaS) Its RaaS can cost about $100,000 to $150,000 a year — akin to hiring a human bodyguard service.
• In 2021, the startup almost suffered a swift death.
• Ford had agreed to let them do a live demo event showing how their drones worked at its facility.
• A group of Fortune 500 had signed up to see the demo.
• The night before the event, the drone crashed and was destroyed.