Lausanne, Switzerland – September 7, 2022 – Flyability, the global leader in indoor inspection drones, has successfully closed a CHF 15 million Series C funding round, adding to the CHF 7 million it had previously raised. This significant investment highlights the company’s rapid growth and strong market position in the industrial drone sector.
The new funding was led by SBI Investment, a major Japanese venture capital firm, with additional support from Cargill, Verve Ventures, and several existing investors, including Dow, ETF Partners, Swisscom, and Future Industry Ventures. The round was oversubscribed, reflecting strong confidence in Flyability’s innovative technology and business model.
Yoshitaka Kitao, Chairman and President of SBI Investment, said: “Flyability has made remarkable progress over the past year, and we are excited to be part of its journey. Their team is delivering on their vision, and we believe they are well-positioned for future success.â€
Patrick Thévoz, CEO and co-founder of Flyability, added: “We’re thrilled to have completed this round so quickly. Our customer base has grown to nearly 1,000 companies across 60 countries, and we’ve expanded our presence to the U.S., Singapore, and China. The launch of Elios 3 has been a game-changer, driving both customer adoption and industry interest.â€
Cargill and Dow, two of the new investors, have long been customers of Flyability, using its drones to improve safety and efficiency in industrial inspections. Their decision to invest underscores the value of Flyability’s technology in transforming traditional inspection methods.
Julian Chase, Chief Transformation Officer at Cargill, noted: “Safety has always been our top priority. By partnering with Flyability, we can continue to reduce risks and enhance operational efficiency through advanced robotics.â€
Marty Robinson, Global Robotics Technology Leader at Dow, said: “Flyability’s technology has evolved beyond basic confined space inspections. With Elios 3, we're seeing a shift toward more sophisticated, data-driven solutions that align with our sustainability goals.â€
Founded in 2014 by Patrick Thévoz and Adrien Briod, Flyability has become a trusted name in industrial inspection. Its drones allow workers to avoid dangerous environments while collecting high-quality data, reducing downtime and costs for clients.
The Elios 3, launched earlier this year, is the first collision-tolerant drone equipped with LiDAR for real-time 3D mapping. This innovation is helping industries digitize their inspection processes and move closer to autonomous operations.
Susanne Schorsch, Venture Partner at Verve Ventures, said: “Flyability is leading the charge in making industrial inspections safer and more efficient. Their latest product is a big step forward in digitizing inaccessible areas and moving toward full autonomy.â€
Thévoz concluded: “The drone market has matured rapidly, and more companies are adopting flying robots as the standard for inspections. With Elios 3, we’re seeing increased demand across multiple sectors, bringing us closer to our original mission: no humans in dangerous places for inspections.â€
This Series C round will help Flyability expand its capabilities, particularly in sensing and autonomy, ensuring the Elios 3 remains adaptable to the needs of different industries.
Flyability continues to grow, with offices in Switzerland, China, Singapore, and the U.S., and a client base spanning over 60 countries. The company is setting the standard for safe, efficient, and scalable indoor inspections.
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