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CyPhy Works, developer of advanced Unmanned Aerial Vehicles (UAVs), has announced the latest round of financing, this time $7 million, led by Lux Capital and with participation from General Catalyst Partners, Felicis Ventures and several undisclosed prominent investors.
According to Unmanned Systems CyPhy Works has developed a world-class technology platform of easy-to-operate flying robots for application in the military, civil and commercial sectors. The company has so far announced two products on its platform: EASE (indoor hovering robot) and PARC (outdoor multicopter platform).
As part of this funding round, CyPhy Works will expand its development and deployment of UAVs in surveying and situational awareness for commercial sectors such as agriculture, mining, construction, oil & gas, insurance, infrastructure, and others.
iHLS – Israel Homeland Security
CyPhy Works is led by its founder and CEO Helen Greiner, who was also the co-founder, President and Chairman of iconic robotics innovator iRobot. Since its founding in 1990 iRobot has become a leader in mobile robots, with the success of the Roomba cleaning robot and the PackBot and SUGV military robots.
“The opportunity to bring flying robots (i.e. UAVs) to commercial sectors for imaging, surveying, mapping, monitoring and other applications is truly exciting,” said Greiner. “We are building a reliable and robust platform that… is specifically designed for field operations in rough real-world conditions.”
