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Here's Something Investors May Be Missing About the Drone Revolution

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When investors think of drones they think of GoPro (GPRO) - Get GoPro Inc. Report and the potential for the technology to revolutionize delivery services. But they may be missing the bigger picture. 

The Drone Racing League is launching its fourth season in August 2019, and while its streaming partnership with Twitter (TWTR) - Get Twitter Inc. Report and NBC Sports (CMCSA) - Get Comcast Corporation Class A Common Stock Report seem to position the company firmly as a media company, CEO Nicholas Horbaczewski believes that his company is a tech company first. 

"This is a phenomenal time to be investing in drones and new sports. The drone racing league is a technology company because at our core, it's the technology that enables all the things we want to do. We cannot perform our sport without our advanced drones and radio systems," Horbaczewski said. 

The company is in the midst of a $50 million Series C funding round, with $26 million of that total already raised. 

It is also releasing the latest generation of its Racer4 drone in August 2019, marking the first time the company will make the drones piloted by members of its league available to the public.

To see the full interview, check out the video above.

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