A new autonomous aircraft startup is turning heads in the investment world, and the story behind it is almost as striking as the technology itself. Alteon, founded by a 20-year-old entrepreneur, is building aircraft designed to stay airborne for months at a time by harvesting wind energy. The company recently secured backing from well known investor Lachy Groom, a signal that early stage capital is still willing to chase ambitious, capital intensive ideas.
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Originally reported by techcrunch.com.