Elistair, the specialist in tethered drones for aerial surveillance with unlimited autonomy, has raised €2m (£1.75m) in funding after agreeing a deal with Starquest Capital and its historic investors.
Since it was created in 2014, the French start-up has grown its business in the aerial surveillance and temporary telecommunications market thanks to its tethering stations for drones, offering unlimited autonomy and fully secured data transfer.
Settled in more than 30 countries and supported by Total Development, the French Defense Procurement Agency, and H2020 program, Elistair has quickly became a key international player on the tethered drones market with clients such as Thales, the DGA, the US Army, Vodafone, Nokia or Securitas as well as many European and Asian police forces.
The investment will be used to bolster the company’s position in the security, defence and telecommunication sectors.
The firm also plans to strengthen its R&D and commercial teams and reinforce their technological lead to conquer even more ambitious markets.
Guilhem de Marliave, CEO and co-founder of Elistair, said: “This operation will take us to the next level with the acceleration of our international development and the consolidation of our R&D team, with the objective of making unlimited aerial vision even more accessible to civilian, national, and private safety actors.”
Julien Le Drogo, director of Investment at Starquest, said the company is looking forward to accompanying Elistair in its growth and international development.
He commented: “The market is global, the technological breakthrough is major, and Elistair leading team’s ambition has no limits. Larger players in the industry have put their trust in this fast-growing start-up in such demanding sectors as defense or telecommunications. Those fruitful agreements, which are a guarantee of quality and seriousness, offer Elistair great opportunities for the future, as with the launching of its new Drone box in 2018, able to take off, fly, and land a drone in a totally autonomous way, with no human intervention.”