Drone Evolution, a start-up based in Caerphilly, has claimed the 2019 Sir Michael Moritz Start-Up Award at the Welsh Technology awards.
The award, which honours companies that have achieved success in a short period and have shown potential for further growth, is the latest success for the drone company, which was formed in early 2018.
Co-Founder and Communications Director Toby Townrow said: “We are absolutely thrilled to receive this award.
“Previous winners have gone on to achieve great things and we see that the increased awareness will really help us achieve our goals for this year and beyond.
“There were a huge range of nominees across a wide range of tech sectors so this does come as a surprise.
“We’re also happy to use this award to fly the flag for positive uses of drones here in Wales and across the UK.”
Since formation, the company’s products division has registered its first IP protection for a tethered system that will allow almost any drone to stay in the air for extended periods of time, powered via a ground station.
Furthermore, after six months of operation, the company’s service arm has already won a contract delivering asset management for telecoms masts around the UK and is providing 3D mapping, topography and marketing services for clients such as architects, developers and historic buildings managers.
The company will be launching some new products at DSEI in September and will be working with some well-known partners in the process, while further developments are scheduled for early 2020.