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Energy Tech Series B Founded 2003

Packet Digital

Packet Digital develops batteries and power management technology for UAVs and portable electronic devices. The company has patented on-demand power technology and circuits that increase battery life in portable devices and save power in embedded systems. It also offers engineering services, UAS design services, solar solutions, and precision agriculture services. Founded in 2003 and headquartered in Fargo, United…

📍 Fargo, United States · Energy Storage Tech,

Funding snapshot

Last roundSeries B
Amount$10M
Date26 April 2018
Total raised$12M
Team size51

About

Packet Digital develops batteries and power management technology for UAVs and portable electronic devices. The company has patented on-demand power technology and circuits that increase battery life in portable devices and save power in embedded systems. It also offers engineering services, UAS design services, solar solutions, and precision agriculture services. Founded in 2003 and headquartered in Fargo, United States, Packet Digital has raised approximately $11.7M in Series B funding from investors including National Science Foundation, DOE, State of North Dakota, and Dakota Venture Group. The company employs 51 people and its power management technology dynamically adjusts power delivery based on workload demands, significantly extending battery life for drone operations and enabling longer flight times for commercial and defense UAV applications where endurance is a critical operational constraint.

Business model

Drones > Drone Accessories > Batteries,

Energy Storage Tech > Battery > Battery Management System,

Embedded Systems > Embedded Applications > Energy

Institutional investors

National Science Foundation DOE State of North Dakota Dakota Venture Group

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