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HomeCreative IdeasFlyGuys obtain $10M Sequence A funding to catalyze innovation

FlyGuys obtain $10M Sequence A funding to catalyze innovation

FlyGuys, a actuality data-capturing know-how firm primarily based in Louisiana, proclaims the triumphant closing of its Sequence A funding spherical, securing a exceptional funding of $10 million. This substantial monetary enhance is poised to catalyze relentless innovation, create a scalable software program options platform, and strengthen the corporate’s nationwide affect.

The spherical was led by distinguished buyers 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.

“After we first invested in FlyGuys in 2021, we have been intrigued by the progressive nature of the corporate and its early development in a fast-growing business,” stated J.P. Lynch, Vice President, Benefit Capital. “At this time, we’re desirous to see what’s subsequent for the corporate and assured it’ll proceed to make strides as a number one actuality information 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 crew. They’re developing an progressive, technology-driven enterprise that constantly delivers distinctive worth to their purchasers.”

Underneath 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 the direction of the creation of a extremely scalable, cloud-based platform designed to attach the demand throughout varied vertical markets, akin to building, agriculture, inexperienced vitality, telecommunications, insurance coverage, and extra, with our intensive 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 crew to carry one other tech startup to Louisiana and make an influence by creating jobs regionally all over the place within the nation.

The funds raised on this Sequence A spherical might be utilized to additional FlyGuys’ strategic initiatives to drive attain, reliability, and capability nationwide. The first targets of the funding are as follows:

  • Neighborhood Engagement: Generate employment alternatives at each native and nationwide ranges, fostering financial development.
  • Software program Scalability: Develop a strong software program platform that enables seamless enlargement, making certain easy accessibility for data-seekers. 
  • Enhanced Nationwide Presence: Strengthen market attain and set up connections with data-seekers throughout numerous industries.

FlyGuys has achieved exceptional development milestones, propelling itself to the forefront of the fact seize business. By way of its unwavering dedication to innovation and buyer satisfaction, FlyGuys has not solely established itself as a pioneer within the subject however has additionally set new benchmarks for excellence. With this substantial Sequence A funding, the corporate is poised to proceed its journey of unbound progress and contribute to the widespread adoption of cutting-edge information seize know-how throughout varied sectors.




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