Aeronyde bags £3.5m seed money to build drone infrastructure

Aerial systems firm Aeronyde has managed to secure a bumper investment deal to finance its end-to-end infrastructure for self-flying vehicles.

The American company has announced that it has received $4.7m (£3.5m) from Korean electronics manufacturing giant JASTech Co. Ltd to develop its autonomous urban flight systems.

Aeronyde is one of the first companies to integrate artificial intelligence (AI) and augmented reality (AR) into a full-service system for the safe and secure operation of commercial drones.

Story continues below
Advertisement

“In the 21st century, drones will shape global transportation and distribution and redefine the urban landscape, however we’re not there yet,” said Edgar Muñoz, CEO of Aeronyde.

“Adoption of Unmanned Aerial Vehicles (UAV) platforms depends wholeheartedly on the public’s acceptance of the technology. As an industry, we must ensure public safety is addressed prior to the commercial unmanned aerial system (UAS) industry boom. This is what Aeronyde is working on.”

Jason Chung, chairman of JASTech, added: “The market is growing rapidly as more countries are looking at developing UAS regulations. We are excited to invest in Aeronyde, a leader in this revolution, as they innovate UAS technology”

“Aeronyde is helping to build the future of Autonomous Aerial Systems with software and hardware that ensure the responsible management of drones in urban environments.”

Tags : AeronydeAIArtificial intelligenceAutonomousJASTechUAVUnmanned Aerial Vehicles
Emma Calder

The author Emma Calder

Leave a Response