Flyability announces completion of a seed round of financing

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02.02.2015

Flyability SA, the Swiss EPFL spin-off dedicated to developing robust flying robots, announced the completion of its first external financing round of equity capital from European and Swiss business angels. Go Beyond Investments (GBI) has contributed to the seed round.

Founded last year, Flyability is focused on developing the world's first collision-tolerant robot, which is also safe to fly close to humans. The company's patented technology allows drones to enter places unreachable with other robots and offering a cheaper, faster and safer alternative to sending humans in dangerous locations. First targeting the inspection of energy and transportation infrastructures, the company's technology opens a world of new applications and interaction with flying robots in the fields of entertainment, security, domotics and search and rescue.

Dr. Adrien Briod, CTO and co-founder of the company comments that "the funds will be used to finalize the development and manufacturing of our beta prototypes, to allow the delivery to our first customers as early as April 2015". CEO Patrick Thévoz adds that a second round of financing will be opened during the year to prepare the launch of the commercial product. 

Go Beyond Investing CEO, Brigitte Baumann says GBI’s investor community became interested in the Swiss start-up “because of its pioneering, award-winning concept, the innovative design and technology, as well as the wide range of potential applications.”

For more information visit Flyability at www.flyability.com and follow future developments on Twitter at @fly_ability.

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