After the successful market entry and the huge market attention of its ASIO drone, Flybotix closed a financing round to further develop the autonomous navigation capabilities on ASIO, its solution comprising the drone unit, the flight app and the post-processing software.
Based near Lausanne in Switzerland, Flybotix is a fast-growing company working towards the idea that confined space inspection should be safe for humans and fast for inspectors. Its patented technology doubles flight time when compared to traditional solutions. ASIO is thus allowing faster inspections, cheaper asset shutdowns and enabling new use cases not previously possible.
The company has now secured an equity investment and a loan guarantee from the Technology Fund. In total the company raised CHF5.5 million. The equity part was led by a Swiss Investment Holding advised by Schwartzkopff Partners. Several new investors participated in the round as well as existing investors.
“With the investment in Flybotix we grow our solid portfolio in the drone and robotics space further. We are proud to invest in a promising company like Flybotix. Drones and the related analytics software will play a considerable role in the future of inspection and maintenance of assets. We look forward to seeing how Flybotix ASIO Pro solution plays a major role in this space”, explains Wolfgang Schwartzkopff, representing the lead investor.
The funds will be used to further develop the autonomous navigation capabilities on ASIO. In addition, the company is further developing its post-processing software ASIO Explore on the cloud to offer SaaS services. This enables truly plug-and-play software for inspection and maintenance of assets.
(Press release / SK)
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