Altitude Angel, a UK-based drone management platform and airspace integration start-up, has secured a bumper investment deal to further its autonomous drone flight developments.
The company announced today that it has received a $4.5m (£3.2m) investment through a funding round led by the Seraphim Space Fund, with participation from ADV and Frequentis AG.
This round of venture funding will enable Altitude Angel to bring its purpose-built GuardianUTM platform for U-Space and Unmanned Aircraft Traffic Management (UTM) into new territories.
The UK-based business will also expand its on-the-ground commercial and engineering presence with new offices in Europe and North America, transitioning further into the aviation industry.
“Drones have the power to revolutionise business and transform lives,” said Altitude Angel founder and CEO, Richard Parker, also a board member of the Global UTM Association.
“We’re at the start of an aerial revolution that’s driven by low-cost drone hardware. Altitude Angel’s technologies are key to unlocking their potential to be flown autonomously, without a human pilot, ensuring they’re safe and fit in with other aviation traffic and stakeholders.”
GuardianUTM is already used by millions of drone operators around the world to obtain information about where it is safe to fly, get on-demand insurance and to interact with aviation stakeholders at airport towers or in air traffic control rooms.
Altitude Angel’s geospatial database covers more than 80 countries and is a key component of its autonomous drone navigation system. The company’s long-term goal is to use its platform to enable millions of autonomous drones to fly safely without any human pilots.