BRINC Drones founder net worth over $100 Million
Brinc Drones, a company focusing on public safety drones, has propelled its 23-year-old founder, Blake Resnick, into the realm of centimillionaires with a net worth exceeding $100 million.
The former Thiel fellow began accompanying Las Vegas's SWAT team at the age of 18, observing their needs and returning to his mother's kitchen to design drone solutions for law enforcement.
Resnick founded Brinc Drones in 2019, and the company has since raised over $80 million from investors such as OpenAI founder Sam Altman and former acting Defense Secretary Patrick Shanahan.
Now worth more than $300 million, Brinc Drones is one of the largest drone manufacturers in the US, employing around 100 people.
Public safety is a relatively new sector for Drone Technology. Chinese drone giant DJI, is facing regulatory challenges, including US sanctions and potential bans in at least nine states according to Bloomberg.
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This has created an opportunity for Brinc Drones, which aims to sell its products to around 7,000 SWAT teams across the country.
Brinc's drones differ from DJI's offerings in several ways, featuring LiDAR technology for indoor navigation and the capability to break through glass windows and communicate via two-way speakers.
BRINC Drones focusses on public safety
Resnick emphasizes that the purpose of this technology is to reduce the risk of gunfights and create distance between armed individuals and SWAT teams.
With hundreds of deals already struck with US public safety agencies, including the New York City Police Department, Brinc Drones' new model is offered in a five-year subscription for around $90,000. This includes upgrades to the next two models.
Brinc Drones' competitor Skydio follows a similarly expensive and very lucrative subscription model.
Resnick began studying engineering at the University of Nevada, Las Vegas, at the age of 14 before attending Northwestern University. He interned at DJI and Tesla Inc. before launching Brinc Drones in 2018.
Brinc's headquarters were moved to Seattle to tap into its engineering talent pool, with employees formerly from Amazon Air, SpaceX, and Blue Origin.
Resnick remains focused on the advice of Peter Thiel, who suggested dominating a corner of the drone market before expanding. He believes it's challenging to build a drone platform suitable for consumer, commercial, industrial, public safety, and defense applications, unlike many other Drone Companies attempting to do so.
Photos courtesy of Brinc Drones.
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