Parrot recapitalises the senseFly balance sheet ahead year of business in 2020

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senseFly has recapitalized its balance sheet and funding, guaranteeing a healthy operational outlook as it continues its growth path as the global leader in fixed-wing drones.

The financial backing comes at a particularly meaningful time for senseFly – an Ecole Polytechnique Fédérale de Lausanne (EPFL) spin-off – which celebrates its 10th anniversary this year.

The important milestone sees senseFly’s status shift from promising start-up to manufacturer of professional fixed-wing drones used by some of the world’s largest organizations, including Trimble and Microsoft.

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senseFly says the move means it now has the resources to focus its strategy on its operational efficiency.

The benefit of zero debt and a sound balance sheet also allows the fixed-wing leader to place greater emphasis on the technological innovations that matter most to its customers and that will drive the company, and drone industry forward.

Gilles Labossière, CEO of senseFly, said: “senseFly is demonstrating a rare drone industry success story, transitioning from start-up to a mature, self-funded, successful business.”

Adding: “Parrot’s long-term backing, thanks to senseFly important milestones and strategic focus, provides us with greater organizational efficiency and helps continue our upward trajectory as we enter into the next phase of our growth and expansion.”

Tags : ParrotSenseFly
Alex Douglas

The author Alex Douglas

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