Flyability secures €7M series C round to boost global expansion
21.12.2020
Flyability, the leading indoor inspection drone company, specialized in drone-based B2B solutions for companies with a focus on energy, power generation, chemical, mining, and maritime industries has secured a €7M series C round. The round was co-led by Future Industry Ventures (FIV) and Swisscom Ventures to accelerate global expansion. Existing investor, ETF Partners, also participated in the round.
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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.
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.
The financing round was led by Future Industry Ventures and Swisscom Ventures. 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 the industry through technological leadership. The funding will be allocated to the development of their market-leading and innovative products and accelerate global expansion.
“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.”
Flyability has been supported by Venture Kick in 2015, participated in Venture Leaders Technology in 2014 and Venture Leaders China in 2017. They were also ranked in TOP 100 Swiss Startups Award from 2015 to 2019, winning the first place in this last year.
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.
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.
The financing round was led by Future Industry Ventures and Swisscom Ventures. 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 the industry through technological leadership. The funding will be allocated to the development of their market-leading and innovative products and accelerate global expansion.
“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.”Flyability has been supported by Venture Kick in 2015, participated in Venture Leaders Technology in 2014 and Venture Leaders China in 2017. They were also ranked in TOP 100 Swiss Startups Award from 2015 to 2019, winning the first place in this last year.