SkyX, a Toronto, Canada-based developer of long-range unmanned aerial monitoring and data collection solutions, closed $9.5 in Series B funding.
Almond Tree/SkyX Limited Partnership, led by Almond Tree Enterprise, provided the resources, which brought total funding to date to $15.8m.
The company intends to use the funds to execute contracts with clients as well as to continue to move forward with new and existing strategies to support global demand from utilities and oil and gas corporations.
Led by Didi Horn, Founder and CEO, SkyX builds autonomous vehicles for long-range asset monitoring and data acquisition. The company provides:
– SkyOne, an intelligent self-sufficient UAV,
– the SkyX System which includes xStations an autonomous launch & recovery platform and unlimited range, and
– the SkyOS, a centralized fleet management command and control proprietary software.
Altogether, the SkyX System provides integrated monitoring as a service that enables clients to reduce maintenance and monitoring costs while increasing the visibility, integrity and safety of their assets. Detecting and reporting leaks (even at night); scanning for right-of-way violations; and capturing and reporting vegetation encroachment are part of the typical mission.
Further, the company’s services allow clients to reduce emissions caused by inefficient monitoring processes; and decrease groundwater contamination thanks to increases in inspections, improved data and faster alerts.