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Louisiana primarily based drone companies 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 trade. Based in 2014, early participant FlyGuys has a nationwide presence, serving enterprise shoppers in a variety of industries together with agriculture, tower firms, energy, mining, and building. Providers embrace LiDAR, inspection, mapping, and extra.
FlyGuys says they may 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 information 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.
“After 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 trade,” 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 information seize firm whereas additionally creating high quality jobs in the area 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 developing an revolutionary, technology-driven enterprise that constantly 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 function 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 information 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 numerous vertical markets, similar to building, agriculture, inexperienced power, telecommunications, insurance coverage, and extra, with our in depth community of native information seize suppliers, predominantly comprised of drone pilots, spanning each state within the nation. I’m excited to work with this gifted and motivated workforce to convey one other tech startup to Louisiana and make an influence by creating jobs domestically all over the place within the nation.”
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Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone companies market, and a fascinated observer of the rising drone trade and the regulatory setting for drones. Miriam has penned over 3,000 articles targeted on the industrial drone house and is a global speaker and acknowledged determine within the trade. Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising for brand spanking new applied sciences.
For drone trade consulting or writing, E-mail Miriam.
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