Inspection drone provider Flyability has soared in the sky and raised $ 8.6 million in Series C investments.
Under the leadership of Future Industry Ventures and Swisscom Ventures as well as the existing investor ETF Partners, Infusion will drive product development and the expansion of the inspection efforts for indoor drones at Flyability.
The Swiss startup, founded in 2014, specializes in drone B2B solutions for companies with a focus on energy, power generation, chemicals, mining and shipping. The company uses drones to explore and inspect inaccessible or confined spaces indoors.
“Flyability is an ideal investment for FIV funds. The aim of the fund is to identify and support the best among all emerging technology companies in Europe that have considerable potential for shaping the future of industry, ”said Olivier Schuepbach, Managing Partner of FIV.
In the past six years, Flyability has grown from a spin-off of EPFL in Switzerland to a company with 100 employees that drives research and inspection indoors with drones. The company has offices in Europe and the USA and a network of more than 50 resellers, including China and Japan.
“We invest in ambitious start-ups with unparalleled expertise and innovative visions that deliver excellent technical solutions and demonstrate sustainable company growth. Flyability has convinced our team across the board and we are very proud to be investing in the future of the company together with Swisscom Ventures and ETF Partners. “
“This funding round is an important milestone for Flyability,” said Patrick Thévoz, CEO of Flyability. “We are increasingly developing complete and complex platform solutions to better serve our more than 500 customers worldwide. We are very pleased that FIV with its unique expertise and network in the field of industrial technology, together with the existing investors Swisscom Ventures and ETF Partners, will take part in our journey to build a global technology company in our area. “
Flying in the news
- February: The company opened its first US office and hosted its first US user conference.
- January: Flyability and Pix4D have teamed up to provide Flyability customers with 3D modeling capabilities that give them a new layer of data for assessing problems during the inspection process.
- In 2019, it helped solve a puzzle at the Chernobyl nuclear power plant to find out if there was still nuclear waste in one of the facility’s decommissioned reactor pools. The company launched the indoor drone Elios 2 and visual data showed the pools were empty with no nuclear waste. Following the mission, the Chernobyl decommissioning team planned to include the visual evidence gathered in a report presented to international authorities on the status of the plant’s reactors.
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