Sky-Futures, a specialist provider of drone-based inspection services to global industrial markets, is set to receive a $4m (£3m) investment from Japanese conglomerate Mitsui.
The new partnership with Mitsui, launched during Prime Minister Theresa May’s visit to Japan last month, will expand the use of Sky-Futures’ drone-based technology through the group’s network of clients in the energy, marine and infrastructure sectors.
Sky-Futures founder and CEO James Harrison commented: “This partnership with Mitsui brings industrial drone inspection into the mainstream.
“Demand for drone survey software is rocketing as a result of the shift to AI [artificial intelligence] and machine learning that is fundamentally changing the way inspection is done.”
The mission of Sky-Futures, a Middlesex-based company, is to improve safety and reduce risk across industries through technology innovation.
MMC Ventures, a venture capital fund, first invested in the business in 2015 and again in 2016 alongside Bristow Group, taking its total investment in the company to $10m (£7.6m).