Atlas Dynamics, a Riga, Latvia–based provider of drone-based solutions for the professional user, raised $8m in funding.
Backers included private and institutional investors.
The company intends to use the funds to advance the development of its Visual Line of Sight (VLOS) and Beyond Visual Line of Sight (BVLOS) drone-based data solutions, and to build its presence in key markets, including North America.
Founded in 2015, Atlas Dynamics is a provider of fully autonomous drone-based solutions for professional users. The company utilizes its proprietary technologies, including: full carbon-fiber hulls, smart lithium-silicon batteries, and electronic, communication and mechanical components, enabling users to optimize flight time and data collection capabilities.
The Atlas drone platform provides up to 55 minutes of flight time and ranges of up to 50 km, and is able to operate in day/night scenarios and extreme weather conditions. The full drone solution comprises the “Atlas Pro” drone, an autonomous operating system, versatile and interchangeable payloads, and a remote controlled protective landing and charging smart docking station.
Drones can serve key markets including infrastructure inspection, construction, security, first response, delivery and insurance.
The company will begin distributing its products in North America in Q3 of this year.