After we heard that Facebook was interested in the 20-person drone maker (Titan Aerospace),Google snatches it up for an undisclosed sum. I actually knew Google was planning something big after Facebook CEO Mark Zuckerberg announced it's plans to acquire Titan on his timeline a month ago.
According to a posting on Titan's now barebones Web site:
"We're thrilled to announce that Titan Aerospace is joining Google."
What these drones actually does is that with it's solar-powered feature it will beam broadband Internet access to the developing world. No wonder these technology companies desperately wants to get their hands on it due to the great deal of Web users.
Facebook recently acquired
Ascenta, a UK-based startup that makes solar-powered Unmanned Aerial Vehicles (Drones)for $20 million. Now, Google has joined the competition, purchasing drone maker Titan Aerospace for an undisclosed sum.
Titan Aerospace is based in New Mexico and headed up by former Symantec CEO Vern Raburn. Raburn will stay in charge of Titan Aerospace, Google told The Wall Street Journal, which first reported on the acquisition. His team will work closely with Google.
The drone company says it expects "initial commercial
operations" to start in 2015.
Titan Aerospace, similar to
Facebook-owned competitor
Ascenta, is developing two insect-like drones.
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