Flyability looks to future of indoor autonomous inspection after £8.5m round of fundraising

Elios

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.

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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 their trust in this round.”

He added: “Having Swisscom and Dow as investors is a strong signal of the market’s interest in our approach of digitising the industry.”

Flyability says it wants to change how visual inspection is performed in the power generation, oil and gas, mining and chemical industries by preventing human exposure to hazardous environments and reducing downtime and inspection costs with its collision-tolerant drone, Elios.

Remy de Tonnac, partner at ETF, said: “Flyability has delivered on its vision and has achieved remarkable growth since ETF Partners first invested in 2016. We are pleased to see the company reducing environmental risk across a number of industries, and we are delighted to support Flyability’s next stage goal of delivering inspection on a click.”

The company, based in Switzerland, has already demonstrated 3D mapping and localisation capabilities indoors, where Flyability’s unique collision tolerance technology gives access to complex environments with peace of mind.

Flyability is now taking on the DARPA SubT Challenge with a team of top researchers from around the world to push the limits of indoor autonomous flight.

Read CDP’s exclusive top 10 investments of 2018 so far here:

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Tags : businessFundingInvestmentSeries B
Alex Douglas

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