Linebird, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Linebird, Inc. - overview

Established

2018

Location

Richmond, VA, US

Primary Industry

Industrial Machinery

About

Linebird, Inc. is a US-based company specializing in innovative drone technology for electric utility line maintenance, enhancing safety and efficiency in power infrastructure work. Founded in 2018 in Richmond, US, Linebird, Inc. offers unmanned aerial systems for live power maintenance operations.


The company was founded by Michael Beiro, who has a history in the drone technology sector. With a total of 4 deals, their most recent transaction occurred on November 22, 2024, with the company receiving venture debt funding. Linebird's primary offerings focus on innovative drone technology designed specifically for electric utility line maintenance. Central to their product lineup is the patented Osprey NPS, an unmanned aerial system (UAS) that enables live power infrastructure work by facilitating direct contact operations.


This technology enhances the efficiency and safety of utilities by significantly reducing the hazardous man-hours associated with traditional methods, such as helicopter-based measurements. End users of Linebird's products include electric utility companies, transmission system operators, and forestry management organizations, with notable clients like Dominion Energy and Classic Connectors. Linebird's market reach extends beyond the United States, targeting regions with established electric infrastructure that require advanced maintenance solutions, such as parts of Europe and Asia. Linebird generates revenue through direct sales and partnerships with electric utility companies, offering flagship products like the Osprey NPS under a straightforward transaction model.


The company engages in B2B sales, supplying its technology directly to utilities that seek to reduce operational costs and enhance safety measures during line maintenance. Transactions typically involve contract agreements for the deployment of their UAS technology, along with potential subscription models for ongoing service and support. The innovative nature of Linebird's products positions them as essential tools for utilities aiming to improve infrastructure resilience, thereby driving consistent demand in the market. Specific pricing structures for the products or services are tailored to client needs and project scopes, ensuring that Linebird's offerings align with the operational requirements of their customers.


In November 2024, Linebird, Inc. raised USD 100,000 in venture debt funding, which will be utilized to support the ongoing development of new products and expansion into new markets. The company is focused on designing advanced versions of the Osprey NPS and aims to launch these products in the next 12 months. Additionally, Linebird plans to expand its operations into European and Asian markets by mid-2025, targeting regions with a growing need for electric utility maintenance solutions.


Current Investors

Virginia Venture Partners

Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery

Website

www.linebird.net

Verticals

Manufacturing, Robotics

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.