Flyability secures CHF15 million

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08.09.2022
Flyability Elios 3

Flyability, the leading indoor inspection drone company, has raised an additional CHF 15 million in a Series C funding on top of CHF 7 million that it had already closed. The round was led by Japan-based SBI Investment.

The Series C funding comes just a few months after Flyability launched Elios 3, the world’s first collision-tolerant drone equipped with a LiDAR sensor for indoor 3D mapping. Elios 3 allows inspectors to visualize their assets in 3D models created in real time as the drone flies. Inspectors can create survey-grade 3D models after flights using software from Flyability and its growing list of software partners.

The Series C investment will help Flyability further strengthen its position as the market leader. It will also help develop new sensing and autonomy capabilities for the Elios 3, which was designed to be highly adaptable so that it could serve the specific needs of each industry that uses it.

The round was led by Japan-based SBI Investment with additional new investor participation from Cargill and Verve Ventures. Existing investors also participated, including Dow, ETF Partners, Swisscom, and Future Industry Ventures

“We are thrilled to announce the closing of this oversubscribed round,” says Patrick Thévoz, co-founder and CEO of Flyability. “The company is currently growing extremely fast, with close to a thousand customers and offices in the USA, Singapore, China, and Lausanne, fueled by the huge traction for our new product platform, the recently-launched Elios 3.”

Before investing in Flyability, both Cargill and Dow have been key customers and have used Flyability’s inspection technology to keep their workers out of potentially dangerous spaces during inspections. The implementation of such technology not only helps to improve worker safety but also helps to advance industry 4.0 practices to digitize their asset inspection processes.

“Flyability is the global market leader for making industrial indoor and confined space inspections safer, faster, economical, and scalable,” says Susanne Schorsch, Venture Partner at Verve Ventures. “The Flyability team has continuously demonstrated their ability to deliver on target. The new generation Elios 3 is a substantial step towards surveying and digitizing the inaccessible and, ultimately, fully autonomous remote inspections.”

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