Flyability raises 11 million USD to build the future of indoor autonomous inspection

[ November 12th, 2018] Flyability announces the closing of its 11M USD Series B, bringing the total amount raised by the company to 16M USD since its founding in 2014.

Download PDF r

Flyability’s Series A investor ETF Partners co-led the round together with Swisscom Ventures. The Dow Chemical Company (U.S.) joined the round with a significant stake, along with historical investors GoBeyond, and MKS (Switzerland) SA.

"The continued support from ETF and historic investors was instrumental to our success, and we are very proud to see them renewing their trust in this round," says Patrick Thévoz, CEO of Flyability. "Having Swisscom and Dow as investors is a strong signal of the market’s interest in our approach of digitizing the industry." 

Disrupting how visual inspection is performed in Power Generation, Oil & Gas, Mining or the Chemical Industries, Flyability has delivered to the promise of preventing human exposure to hazardous environments and reducing downtime and inspection costs with its collision-tolerant drone, Elios.

“Flyability has delivered on its vision and has achieved remarkable growth since ETF Partners first invested in 2016,” says Remy de Tonnac, Partner at ETF. “We are pleased to see the company reducing environmental risk across a number of industries, and we are delighted to support Flyability’s next stage goal of delivering “inspection on a click.”

Pioneer and market leader of the indoor drone space, Flyability counts more than 350 customers and 500+ drones in the field, cumulating thousands of flight hours. “Flyability drones enabled Dow to significantly reduce the amount of confined space entries our teams conduct during inspection tasks, keeping our employees safe," said Andy Lewis, global improvement leader at Dow. "These technologies are a key component in Dow’s vision to increase safety, efficiency and productivity while eliminating confined space entries in the future.”

In addition to fueling Flyability's growth through production increase and the expansion of its network of partners, this raised capital will be invested in creating the future of autonomous indoor inspection. "Our R&D team now focuses on the ease of use of our solutions and on the quality of the data delivered to our customers. Automation plays a key role there, and we are investing towards indoor 3D mapping, localization and autonomous navigation," says Adrien Briod, CTO of Flyability and Chairman of the Board. "We intend to streamline the use of drones for predictive asset maintenance, enabling repeated and systematic inspections, easing data capture and localization, and ultimately letting inspector and surveyors focus on the insights while the rest happens automatically."

Flyability has already demonstrated 3D mapping and localization capabilities indoors, where Flyability's unique collision tolerance technology allows to access the most complex environments quickly and with peace of mind. Flyability is now taking on the DARPA SubT Challenge with a team of top researchers from around the world to push the limits of indoor autonomous flight.

“I see Flyability as the trailblazer in the digital transformation of visual inspections and non-destructive testing of large industrial installations and infrastructure,” says Alexander Schläpfer, Partner at Swisscom Ventures. “Digital Transformation is the core investment theme of Swisscom Ventures and we are excited to support Flyability's further growth and global expansion.”

---

About Flyability

Flyability is a Swiss company building safe drones for the inspection and exploration of indoor environments. The company’s focus is in industrial inspection where it avoids sending people in dangerous and confined spaces, decreasing inspection costs and downtime, and reducing risks for workers and for the environment. It is active in Power Generation, Oil & Gas, Mining, Chemical, and Maritime infrastructures, as well as in Public Safety and Search & Rescue to assess emergency situations without putting humans at risk.

More information on www.flyability.com / @fly_ability

 

About ETF Partners

ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Our funds come from institutional investors, global corporations and family offices. We create value by investing in technology companies that make a difference. We call it ‘sustainability through innovation’. Environmental Technologies Fund and Environmental Technologies Fund 2 L.P. is supported by the European Union through the ‘Competitiveness and Innovation Framework Programme’ (CIP).

Sustainability through innovation - www.etfpartners.capital

 

About Swisscom Ventures

Swisscom Ventures is the venture capital arm of Swisscom AG, the leading telecommunications and IT services provider in Switzerland. Since our inception in 2007, we have invested in over 50 IT, digital and telecommunication technology companies from our offices in Switzerland (Zurich and Lausanne) and the USA (Silicon Valley). As a strategic investor, we offer entrepreneurs access to our technical infrastructure and market channels in addition to financial support. We focus on sectors of domain expertise such as Telco & IT Cloud, DeepTech and Cybersecurity as well as Big Data & AI related new business models where we leverage our access to Swisscom’s technology and market experts.

SEE ALSO

News

Drone insurance specialist Moonrock Insurance has announced an exclusive partnership with Swiss Drone manufacturer Flyability. New scheme is tailor-made […]

News Events

Flyability’s training partner Droneflight is offering various Elios Introductory Training dates across the UK in 2018 and 2019. The Introductory training […]

News

Drone-based indoor and confined space inspection can be a real challenge. Even the most experienced outdoor drone pilots need to adapt their reflexes, […]

News

Flyability joins the DARPA SubT Challenge granted team, CERBERUS, led by University of Nevada, Reno, along with international partners including ETH […]

News Power Generation

Flyability announced that the Elios drone was tested and successfully performed even at a dose rate of 800 Rem/Hour (8 Sv/Hour) during 10 minutes.

News

It’s a challenging question: how to inspect the ceiling of a vast production facility, without having to shut it down. Czechoslovakian beer giant Pilsner […]

News

Les finalistes du « Prix SVC Suisse romande 2018 » sont connus. Les nominés ont été sélectionnés pour la finale qui aura lieu le 8 novembre prochain lors […]

News Power Generation

Texo Drone Survey and Inspection (Texo DSI), the owner/operator of a fleet of unmanned aerial vehicles (UAVs) announced on May 30th that it has carried […]

News Partnership

Flyability announces its partnership with Foretec which becomes an authorized reseller for Flyability Elios, the collision-tolerant indoor inspection and […]

News Partnership

Flyability announces its partnership with XD4Solutions which becomes an authorized reseller, a training center, and a maintenance center for Flyability […]

News Partnership Power Generation

Flyability announces partnership with Exelon AeroLabs which becomes an authorized reseller of Flyability’s Elios, the collision-tolerant indoor inspection […]

News Public Safety

Developed by Swiss startup Flyability, Elios is successfully used by one of the most prestigious special law enforcement units in the world, the RAID […]

News

Flyability was recently named a Top Company to Watch in the Drone Industry for 2018 in the category of Hardware Companies.

News

Blue innovation adopts Elios, the perfect aircraft for small indoor spaces, and develops new solutions for the indoor inspections sector.

News Events

Flyability announces new Training Days around the world to give interested parties the opportunity to discover the possibilities offered by Elios as well […]

Events News

Flyability reveals its events participation for the year. The company aims at getting closer to its customers on a worldwide scale. Don’t miss this […]

News

Flyability has been awarded "Investors favorite idea" in the clean mobility category during the World Future Energy Summit (WFES) in the UAE, a platform […]

News

Lausanne, Switzerland, Flyability Inc. announces a new certification program meant to provide Elios owners with a way to assess the skills of their pilots […]

News

Drones can safely go where humans can’t. With this in mind, the maritime industry has steadily welcomed the technology to avoid when possible humans […]

News

Over the weekend of May 20th to 21st Flyability has taken part in an expedition that marks a new milestone in cave exploration. For the first time, a […]