SkyX, an aerial data solutions provider, has announced the completion of a capital raise from DRONE FUND, an investment firm based in Tokyo that specializes in investing globally across the drone space.
This marks SkyX’s third capital raise since the company was founded in 2015.
Commenting, Didi Horn, SkyX founder and CEO, said: “DRONE FUND has a firm grasp on the vast potential of drone technology for industries worldwide, their endorsement of SkyX’s technology with this capital raise is yet another affirmation of the work we are doing.
“Demand from the market is exceeding even the lofty expectations that we set for ourselves, and this investment will support us through the growth phase we’re undergoing to execute on these opportunities.”
Adding: “The investment community is seeing the long-term value in our offering and with this new investment from DRONE FUND, SkyX will achieve eight-figure revenue by the end of the year and expand its sales and marketing team into new markets in Asia, the Middle East and Africa.”