Flyability raises millions in funding to help drive innovaiton

flyability

Flyability has raised EUR 7 million in a Series C co-led by Future Industry Ventures and Swisscom Ventures. Existing investor, ETF Partners, is also participating in the round.

Flyability specializes in innovative technology that optimizes indoor inspections in the industrial sector. With the investment, Flyability will focus on the development of their market-leading and innovative products and accelerate global expansion.

Founded in 2014 by Patrick Thévoz (CEO) and Adrien Briod (CTO), Flyability specializes in drone-based B2B solutions for companies with a focus on energy, power generation, chemical, mining and maritime industries. With its technology, the company enables the indoor exploration and inspection of inaccessible and confined spaces. As a result, safety risks for energy workers can be significantly reduced, as well as labor costs incurred from complex manual inspections. In addition, environmental risks associated with the inspection of critical infrastructures can also be identified and prevented.

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In the past 6 years, Flyability has grown from a spin-off of EPFL in Switzerland to a company with 100 employees pioneering indoor research and inspections with drones. The company became a global market leader with offices in Europe and the USA and a network of over 50 resellers including China and Japan.

Olivier Schuepbach, Managing Partner of FIV: “Flyability is an ideal investment for FIV fund. The aim of the fund is to identify and support the best among all emerging technology companies in Europe, having considerable potential to shape the future of industry. We invest in ambitious start-ups with unparalleled expertise and innovative visions that deliver excellent technical solutions and demonstrate sustainable company growth. Flyability has convinced our team across the board, and we are very proud to be co-investing with Swisscom Ventures and ETF Partners in the future of the company.”

Future Industry Ventures, a fund jointly initiated by Redstone and SBI Holdings, acts as a financing platform for Scale-ups, driving connectivity, decentralization, sustainability and security in the industrial space. The aim of the fund is to unlock the potential of European assets and excellent innovation hubs that are shaping the future of industry through technological leadership.

“This financing round represents an important milestone for Flyability”, said Patrick Thévoz, CEO of Flyability. “We are developing increasingly complete and complex platform solutions in order to better serve our more than 500 customers worldwide. We are very pleased that FIV, with its unique expertise and network in the field of industrial technology, together with the existing investors Swisscom Ventures and ETF Partners, will be participating in our journey to build a global technology company in our space.”

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Joe Peskett

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