**Lausanne, Switzerland, September 7, 2022** – Flyability, the pioneering indoor inspection drone company, today announced a significant milestone in its growth journey. The company has secured an additional $15 million in Series C funding, building on the $7 million it previously raised. This latest round brings the total funding to $22 million, underscoring the confidence of investors in Flyability's innovative approach to industrial inspections.
The funding round was spearheaded by SBI Investment, a prominent venture capital firm based in Japan, with notable new participants including Cargill and Verve Ventures. Existing backers such as Dow, ETF Partners, Swisscom, and Future Industry Ventures also showed their continued support.
Yoshitaka Kitao, the Representative Director, Chairman, and President of SBI Investment Co., Ltd., expressed his enthusiasm about the investment: "Following Flyability’s remarkable trajectory since its earlier rounds, we are thrilled to contribute to the company's ongoing success. The Flyability team has achieved extraordinary milestones over the last year, and we are excited to partner with them as they push boundaries in the inspection industry."
Patrick Thévoz, co-founder and CEO of Flyability, shared his excitement about the oversubscribed round: "This funding is a testament to the incredible demand for our technology. With nearly a thousand clients globally and offices in the USA, Singapore, China, and Switzerland, we're expanding rapidly. Our recent launch of the Elios 3 has been a game-changer, offering unprecedented capabilities for 3D mapping and collision-resistant inspections."
Cargill and Dow, prior users of Flyability's technology, highlighted its transformative impact on worker safety and operational efficiency. Julian Chase, Head of Business Operations & Supply Chain at Cargill, emphasized the company's commitment to safety: "Our collaboration with Flyability aligns perfectly with our mission to create a hazard-free work environment. Their innovative solutions will undoubtedly help us achieve this goal."
Marty Robinson, Global Robotics Technology Leader at Dow, praised the Elios 3: "Flyability's technology has advanced far beyond basic inspection. With added sensors and enhanced capabilities, it supports our sustainability and safety objectives while pushing the boundaries of what’s possible in robotics."
Established in 2014 by Patrick Thévoz and Adrien Briod, Flyability focuses on providing drone-based solutions for industries such as mining, energy, power generation, and maritime. By eliminating the need for inspectors to enter hazardous environments, Flyability enhances safety and reduces downtime, delivering substantial cost savings.
The Series C funds will be used to enhance the Elios 3's sensing and autonomy features, ensuring it meets the diverse needs of various industries. This adaptability is crucial as Flyability continues to expand its customer base and explores new markets.
As Patrick Thévoz noted, "The adoption of flying robots as the norm for inspections is accelerating rapidly. With Elios 3, we're closer than ever to achieving our vision of inspections without human risk."
For more information, visit [www.flyability.com](http://www.flyability.com) or follow @fly_ability on social media.
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**About Flyability**
Flyability revolutionized confined space inspections with drones, allowing inspectors to gather critical data remotely. Since its inception in 2014, Flyability has become a trusted name in industrial inspection, helping professionals enhance safety, reduce downtime, and lower costs. With offices in Switzerland, China, Singapore, and the USA, Flyability serves clients across 60+ countries in sectors like energy, mining, wastewater management, and infrastructure.
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**About SBI Investment Co., Ltd.**
SBI Investment is a leading Japanese venture capital firm, investing in technologies that shape the future. From 5G to the Metaverse, SBI’s portfolio reflects its commitment to innovation.
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**About Cargill**
Cargill empowers the global food system, connecting farmers, customers, and communities worldwide. With 157 years of experience, Cargill prioritizes safety, sustainability, and innovation.
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**About Verve Ventures**
Verve Ventures, founded in 2010, is a Swiss-based venture capital firm with a robust network of 150+ startups. It supports early-stage ventures with resources, mentorship, and strategic partnerships.
For inquiries, contact Flyability at +41 21 311 55 00 or visit their website.
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