Louisiana based mostly drone providers supplier FlyGuys has scored a $10 million Collection A funding spherical to scale their SaaS options platform and develop 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 firms, energy, mining, and building. Companies embody 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 outstanding buyers 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.
“After we first invested in FlyGuys in 2021, we had been intrigued by the progressive nature of the corporate and its early progress in a fast-growing business,” mentioned J.P. Lynch, Vice President, Benefit Capital. “At this time, we’re desirous to see what’s subsequent for the corporate and assured it should proceed to make strides as a number one actuality knowledge 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 staff. They’re setting up an progressive, technology-driven enterprise that persistently delivers distinctive worth to their shoppers.”
Beneath the management of Joe Stough, CEO of FlyGuys, the corporate has undergone a outstanding transformation over the previous 12 months. Stough said, “Since I stepped in from the Board Chairman position a 12 months in the past, we’ve been reshaping FlyGuys’ enterprise mannequin to satisfy the necessity for a nationally scaled on-line market for actuality knowledge 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, similar to building, agriculture, inexperienced vitality, telecommunications, insurance coverage, and extra, with our in depth 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 staff to carry one other tech startup to Louisiana and make an impression 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 providers market, and a fascinated observer of the rising drone business and the regulatory atmosphere for drones. Miriam has penned over 3,000 articles centered on the business drone area and is a global 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 for brand spanking new applied sciences.
For drone business consulting or writing, E-mail Miriam.
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