Red Cat Holdings, Inc., formerly TimefireVR Inc., is a provider of distributed data storage, analytics and services for the drone industry. The Company also provides software as a source (SaaS) solutions for the drone industry. It provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to become compliant with regulations. The Company provides black box drone flight recorder, which is a distributed system with security and encryption. Its drone analytics and storage allows flight replay with reports that determines fault or performance issues. The Company also develops flight controller with the reduced instruction set computer (RISC) V processor.