Drone Evolution receives £180,000 investment from Wales Angel Co-investment Fund

12.10.18. mh DBW Drone Evolution 14
The Wales Angel Co-investment Fund, which is part of the Development Bank of Wales, is set to invest £180,000 in Drone Evolution. The first £90,000 of match funding will go to a five-person syndicate investing in Drone Evolution. The joint investment of £180,000 is the first portion of a potential £270,000 investment which will be used to buy drone equipment. The money will also be used to develop the company’s premises, which will also function as a state-of-the-art training facility for the sector. Drone Evolution is a commercial drone services company which says it plans on changing the way businesses
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Flyability looks to future of indoor autonomous inspection after £8.5m round of fundraising

Flyability has closed its Series B round of funding after raising £8.5m. This now brings the company's total amount of funding to £14.2m since its founding in 2014, investment which the company says will go to planning of indoor autonomous inspection. Flyability’s Series A investor ETF Partners co-led the round together with Swisscom Ventures which joined the round with a significant stake, along with historical investors GoBeyond and MKS. On the investment, Patrick Thévoz, CEO at Flyability, said: “The continued support from ETF and historic investors was instrumental to our success, and we are very proud to see them renewing
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EXCLUSIVE RESEARCH: £170m injected into drone industry this year as investors clamour for a piece of the market

The value of the top 10 largest investments in the drone industry during 2018 exceeds more than £170m, according to exclusive research carried out by Commercial Drone Professional. The scale of funds injected into the industry demonstrates the growing appetite that private investors have for the drone sector and sets a benchmark that will likely be exceeded in 2019. The 10 largest deals uncovered by CDP this year were collectively worth £170.2m and it is this high level of investment that has prompted market research analysts to predict that the commercial drone industry will be worth around £1.5bn by 2022. This rise,
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FLIR receives near £1m development contract from U.S. Department of Defense

FLIR has been awarded the first option phase on a five-year, cost-plus fixed fee contract by the United States Department of Defense’s Defense Threat Reduction Agency in a deal worth $1.2m (£914,000). The contract sets out a plan for the continued development of the FLIR Agentase C2 chemical agent disclosure spray (ADS) for detection of nerve agents and a new formulation for fentanyl detection. The FLIR Agentase C2 is used to visualise chemical threats on hardened military equipment (HME) for verification that trace amounts of chemicals have been decontaminated, and can also be used to map contamination when responding to
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