Louisiana primarily based drone providers supplier FlyGuys has scored a $10 million Collection A funding spherical to scale their SaaS options platform and increase their nationwide presence.
It’s a optimistic indicator for the US drone business. Based in 2014, early participant FlyGuys has a nationwide presence, serving enterprise shoppers in a variety of industries together with agriculture, tower corporations, energy, mining, and building. Companies embrace LiDAR, inspection, mapping, and extra.
FlyGuys says they are going to use the funding spherical to extend capability and strengthen their market attain.
“The spherical was led by distinguished traders who’ve acknowledged FlyGuys’ dedication to utilizing software program as a service to attach data-seekers with knowledge suppliers. Among the many financiers, Mitchell Capital and Benefit Capital, who’ve made earlier investments towards the expansion of FlyGuys, have returned to fortify the corporate’s imaginative and prescient additional,” says an organization launch.
“Once we first invested in FlyGuys in 2021, we had been intrigued by the revolutionary nature of the corporate and its early progress in a fast-growing business,” stated J.P. Lynch, Vice President, Benefit Capital. “At the moment, we’re desirous to see what’s subsequent for the corporate and assured it is going to proceed to make strides as a number one actuality knowledge seize firm whereas additionally creating high quality jobs in the local people.”
Paul Tyree, CEO of Mitchell Capital, shared his perspective on the funding: “Our enthusiasm for backing FlyGuys is grounded in our religion within the experience and imaginative and prescient of their administration workforce. They’re establishing an revolutionary, technology-driven enterprise that persistently delivers distinctive worth to their shoppers.”
Below the management of Joe Stough, CEO of FlyGuys, the corporate has undergone a exceptional transformation over the previous 12 months. Stough acknowledged, “Since I stepped in from the Board Chairman position a 12 months in the past, we’ve been reshaping FlyGuys’ enterprise mannequin to meet the necessity for a nationally scaled on-line market for actuality knowledge seize. We’re channeling this new capital infusion in direction of the creation of a extremely scalable, cloud-based platform designed to attach the demand throughout varied vertical markets, resembling building, agriculture, inexperienced vitality, telecommunications, insurance coverage, and extra, with our intensive community of native knowledge seize suppliers, predominantly comprised of drone pilots, spanning each state within the nation. I’m excited to work with this proficient and motivated workforce to deliver one other tech startup to Louisiana and make an influence by creating jobs regionally in all places within the nation.”
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Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone providers market, and a fascinated observer of the rising drone business and the regulatory surroundings for drones. Miriam has penned over 3,000 articles centered on the business drone area and is a world speaker and acknowledged determine within the business. Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising and marketing for brand new applied sciences.
For drone business consulting or writing, E mail Miriam.
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