Chevron is joining the ranks of Flyability strategic investors, along Cargill and Dow. The American oil and gas giant works since 2016 with the Swiss Startup. The new investment is an extension of the C Series Round of CHF 15M announced last year.
Chevron Technology Ventures (CTV) is taking a stake in Paudex based Flyability. Speaking of this fundraising milestone, CEO & Founder Patrick Thévoz says: “We are thrilled to announce Chevron Technology Ventures’ (CTV) investment in Flyability. Chevron has been working with Flyability since 2016 to improve the safety and efficiency of their inspection operations using the company’s inspection drone solutions. We are very excited to strengthen our collaboration with Chevron, which joins Dow and Cargill as strategic investors in the company along with VC funds such as ETF Partners, Swisscom Ventures, Future Industry Ventures, SBI Investment and Verve Ventures. It is an honor to have their support as we develop solutions to help industry make confined-space inspections safer, faster and less costly."
Before investing in Flyability, both Cargill and Dow have also 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.
“For 157 years, Cargill’s commitment to safety has been and continues to be our top priority,”says Julian Chase, head of Business Operations & Supply Chain and Chief Transformation Officer at Cargill. “We are very focused on continuing to eliminate potential hazards from our workplace—this partnership with Flyability, and the capabilities they will bring, will help us deliver on that mission.”
Flyability pioneered confined space inspection drones, creating new technology that allows inspectors to collect data remotely inside dangerous confined spaces instead of in person. Since launching in 2014, Flyability has become a trusted provider of internal inspection solutions, enabling remote data collection with cutting edge hardware and software for inspection professionals to help them improve safety, reduce downtimes, and cut costs for their internal inspections. Today Flyability has offices in Switzerland, China, Singapore, and the U.S., with almost one thousand clients in over 60 countries.
(ES)
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