Swedish startup Skyqraft takes $505,000 in first funding round


Swedish commercial drone startup Skyqraft has announced it has received $505,000 in its first round of early funding.

Since it was founded last March the company has focused on providing UAV-based infrastructure inspections for power lines.

The idea, Skyqraft says, is to cut down on the traditional method of using helicopters. The use of its fixed-wing drones makes for a cheaper and more environmentally friendly alternative.

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Skyqraft inspections detect problems with a power grid and collect photographic evidence. The funding will allow it to develop its software as much as its hardware.

Its main investor is Antler VC, which invested in over 120 companies in its first year, spending tens of millions of dollars.

Speaking to TechCrunch, Skyqraft co-founder and CMO Sakina Turabali commented: “Power-line inspections most importantly are not environmentally friendly, very costly and unsafe with the use of helicopters and people.

“We provide smart infrastructure inspections using unmanned airplanes by gathering images and 360 videos and feeding that data into a machine learning system that automatically detects any risk to the power-lines”.

Tags : FundingskyqraftStockholmSweden
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