What is FLYABILITY?
Flyability is a pioneering Swiss company that develops advanced drone technology specifically designed for the inspection and exploration of indoor, inaccessible, and confined environments. By providing drones capable of operating safely within buildings, Flyability empowers industrial sectors and inspection professionals to drastically reduce operational downtime, cut inspection costs, and enhance worker safety. The company serves a diverse clientele across Power Generation, Oil & Gas, Chemicals, Maritime, Infrastructures & Utilities, and Public Safety, establishing itself as a leader in the commercial indoor drone market.
How much funding has FLYABILITY raised?
FLYABILITY has raised a total of $37.3M across 3 funding rounds:
Series A
$4.3M
Series B
$11M
Series C
$22M
Series A (2016): $4.3M with participation from Environmental Technologies Fund, Go Beyond investing, and MKS Alternative Investments
Series B (2018): $11M, investors not publicly disclosed
Series C (2022): $22M supported by ETF Partners, Cargill, Swisscom, SBI Investment, and Future Industry Ventures
Key Investors in FLYABILITY
ETF Partners
ETF Partners is an investment firm focused on sustainability through innovation, backing entrepreneurs with capital and expertise in technology companies that drive positive environmental impact.
Cargill
Cargill is a global leader in food, agriculture, financial, and industrial products and services, with a significant presence in meat processing and distribution, indicating a strategic interest in supply chain and operational efficiency.
Swisscom
Swisscom, a major Swiss telecommunications provider, likely invests to explore synergies in connectivity, data management, and the integration of advanced technologies like drones into broader industrial digital transformation initiatives.
What's next for FLYABILITY?
The recent major strategic investment signals a strong vote of confidence in Flyability's technology and market strategy. This capital infusion is expected to fuel further innovation, expand its global reach, and enhance its product offerings to meet the evolving demands of industrial inspection. Flyability is well-positioned to capitalize on the growing need for advanced inspection solutions in hazardous and hard-to-reach environments, likely focusing on scaling its operations and deepening its technological capabilities to maintain its competitive edge.
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