Flybotix-CHF-1-million

Flybotix secures CHF 1 million of milestone-based funding from existing investors

Flybotix SA, AG, Inc., one of the leading drone technology makers in the indoor inspection industry, announced closing a milestone-based funding round of CHF 1 million to accelerate the company’s development. This recognizes Flybotix’ consistent development, reaching important milestones despite very difficult times due to the ongoing global pandemic.

With the introduction of the ASIO® solution in late 2020, Flybotix has positioned itself as a promising player in the indoor inspection market with a unique technology and a strong USP.

“This renewed confidence from existing investors is very encouraging as we continue to scale our business” said Samir Bouabdallah, Co-Founder and CEO of Flybotix. “Our investment partners provide both capital and vast, industry experience which will help us deliver more valuable products.”

With its ASIO® drone solution, Flybotix is leveraging its proprietary technology to offer industry leading flight-time, enabling considerable cost savings through faster inspections. Unlike quadrotors, the ASIO® is designed with a coaxial propulsion system that combines the simplicity of drone mechanics with the flight time of helicopters. It is lightweight while not sacrificing collision tolerance thanks to a cage made out of aerospace grade material.

The company plans to use the additional funds to boost company development, enhance capabilities of manufacturing and boost the business team.

For more information about Flybotix and the ASIO, visit flybotix.com.