Pyka

Pyka

Develops autonomous electric airplanes for agriculture

About Pyka

Simplify's Rating
Why Pyka is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Food & Agriculture

Aerospace

Company Size

51-200

Company Stage

Series B

Total Funding

$92.7M

Headquarters

Alameda, California

Founded

2017

Overview

Pyka develops autonomous electric airplanes that perform all flight operations without human intervention, making them efficient and cost-effective. These aircraft are primarily used in agriculture for aerial applications like crop spraying, utilizing advanced sensors to ensure precise material application while reducing waste. Pyka's business model includes selling and leasing airplanes, along with providing maintenance services, which creates a steady revenue stream. The goal is to transform the agricultural aviation industry by offering safe and efficient aerial solutions.

YC Company
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Funded Recently
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Simplify's Take

What believers are saying

  • Pyka secured $40M to accelerate aircraft development and commercialization.
  • FAA authorization boosts Pyka's market entry and expansion in the U.S.
  • Partnership with Sierra Nevada opens defense sector opportunities, diversifying revenue.

What critics are saying

  • Increased competition from companies like Kelly Hills Unmanned Systems.
  • Reliance on large customers like SLC AgrĂ­cola poses economic risk.
  • Rapid tech advancements could render Pyka's models obsolete if not updated.

What makes Pyka unique

  • Pyka's Pelican 2 is the largest FAA-approved autonomous crop protection aircraft.
  • Pyka's aircraft use less power than electric cars, enhancing cost-effectiveness.
  • Pyka's advanced sensors enable precise agricultural applications, reducing waste and increasing efficiency.

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Funding

Total Funding

$92.7M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$40M
Pyka
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Competitive salary & equity

Medical, dental, & vision insurance

FSA with employer matching

401k

Paid holidays

Unlimited PTO

Free catered lunch & snacks

Growth & Insights and Company News

Headcount

6 month growth

↓ -1%

1 year growth

↑ 2%

2 year growth

↓ -2%
PR Newswire
Feb 10th, 2025
Pyka Unveils Pelican 2: The World'S Largest Autonomous Crop Protection Aircraft

Pyka has secured FAA authorization for commercial operation of Pelican 2 in the United States, making this the second time Pyka has gained a groundbreaking commercial approval for its uncrewed aerial system (UAS) products. Pelican 2 is the largest UAS ever approved for commercial use by the FAA, followed only by the original Pelican. This milestone reinforces Pyka's leadership in heavy lift commercial UAS in the U.S. and globally. In addition to its new product line, Pyka has secured a landmark order for 20 aircraft in Brazil, further solidifying its presence in one of the world's largest agricultural markets. This expansion will enable large-scale autonomous aerial application operations in Brazil, boosting efficiency and delivering unprecedented cost savings for the nation's growers

Webrazzi
Sep 24th, 2024
Pyka secures $40M for electric planes

Pyka, a developer of electric and autonomous aircraft, has secured $40 million in a Series B funding round led by Obvious Ventures, with participation from Piva Capital, Prelude Ventures, Metaplanet Holdings, and Y Combinator. This brings Pyka's total funding to $88 million. The new investment will accelerate the development of their aircraft. Pyka's aircraft are primarily used in agriculture for spraying and are also being developed for cargo transport.

Travel and Tour World
Sep 23rd, 2024
Pyka Secures $40 Million Funding to Boost Ambitions in Electric Aviation Technology

In partnership with Sierra Nevada Company, Pyka is introducing RUMRUNNER, a modified version of Pelican Cargo, to U.S. Department of Defense customers for contested logistics operations.

TechCrunch
Sep 23rd, 2024
Pyka fields interest from defense as $40M round goes to scaling up its electric autonomous planes | TechCrunch

Though it briefly worked on a passenger plane, the company decided after raising some money in 2022 that a cargo variant of the Pelican was more practical in the short term.

Babta
Sep 23rd, 2024
Travel News from PR Newswire

Pyka secures $40M Series B to advance commercialization of dual-use autonomous electric aircraft.

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