Drone delivery startup poised to expand US operations with new funding

Israeli drone delivery start-up Flytrex says it has raised $8 million to help fund the expansion of its U.S. operations, bringing its total fundraising to date to more than $20 million. Flytrex founder and CEO Yariv Bash said on Monday that the latest funding is part of a larger round he plans to close later this year. Most of this $8 million comes from previous backers, including Palo Alto-based Benhamou Global Ventures and European venture fund Btov.