FlytBase, a startup based in Silicon Valley and India, recently closed its Series Seed round of venture financing, as it powers fully autonomous drone fleets for global businesses. The seed funding comes as the company gains traction for its commercial drone automation software, with a focus on high-value enterprise use-cases such as warehouse inventory management, wind turbine inspection, live remote drone operations, and public safety.
Nitin Gupta, CEO at FlytBase, explained, “We have been fortunate to have support from leading incubators and angel investors since our inception. With the most recent round, we now can rapidly build upon our unique competitive position in the global drone ecosystem. Our ability to combine intelligent software with off-the-shelf, cost-effective drones positions us well with enterprise customers, as they mature their drone adoption from PoCs and pilots to fully autonomous, multi-site drone operations. We are focused on developing cutting-edge autonomous systems that solve real-world problems for our customers, at scale”.
The Series Seed round is led by a US-based, early-stage seed fund, and brings not only venture capital, but also a wealth of professional experience and world-class B2B networks to the table. FlytBase holds a unique position in the global commercial drone ecosystem – its FlytOS and FlytCloud software offerings, built and enriched over the years, can enable intelligent automation of most major drone hardware platforms.
Sharvashish Das, Director of Engineering, added: “With an IoT architecture, intelligent plugins and open APIs, our technology platform brings a variety of capabilities to drones – ranging from indoor autonomous navigation and obstacle avoidance to precision landing and autonomous charging. This, in turn, is enabled by our team’s expertise in control theory, multi-sensor fusion, SLAM, machine vision, artificial intelligence, machine learning, robotics and embedded systems”.
If you loved this story, do join our Telegram Community.
Also, you can write for us and be one of the 500+ experts who have contributed stories at AIM. Share your nominations here.
Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose.