Flyability has grown to become the leading indoor inspection drone company with over 500 customers, 100 employees and a network of over 50 resellers worldwide. The EPFL spinoff has raised EUR 7 million in a Series C co-led by Future Industry Ventures and Swisscom Ventures, inter alia, to 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 labour costs incurred from complex manual inspections. In addition, environmental risks associated with the inspection of critical infrastructures can also be identified and prevented.
The startup has grown from a spin-off of EPFL to a global market leader serving over 500 customers in more than 50 countries in the power generation, oil and gas, chemicals, maritime, infrastructure and utilities, and public safety. In the next phase, the company will focus on leading the way in commercial indoor drone innovation. With 100 employees pioneering indoor research and inspections with drones, the company has also set up offices in Europe and the USA and a network of over 50 resellers including China and Japan.
With the investment from its series C round, Flyability will focus on the development of their market-leading and innovative products and accelerate global expansion. Future Industry Ventures (FIV), a fund jointly initiated by Redstone and SBI Holdings, acts as a financing platform for Scale-ups and Swisscom Ventures co-led the round, with participation from existing investor, ETF Partners.
“This financing round represents an important milestone for Flyability”, said Thévoz. “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.”
(Press release/RAN)
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