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High Tech Series B Founded 2015

SkyX

SkyX develops VTOL (Vertical Take-Off and Landing) drones and provides automated inspection services for critical infrastructure and industrial assets. The company's drone technology enables aerial data collection for monitoring pipelines, power lines, and other long-line infrastructure, combining autonomous flight capabilities with data analytics to deliver actionable insights for maintenance and safety operations.…

📍 Markham, Canada · Drones,

Funding snapshot

Last roundSeries B
Amount$16M
Date4 March 2020
Total raised$16M
Team size8

About

SkyX develops VTOL (Vertical Take-Off and Landing) drones and provides automated inspection services for critical infrastructure and industrial assets. The company's drone technology enables aerial data collection for monitoring pipelines, power lines, and other long-line infrastructure, combining autonomous flight capabilities with data analytics to deliver actionable insights for maintenance and safety operations. SkyX targets industries requiring regular aerial inspection of distributed assets, offering a more efficient and cost-effective alternative to traditional inspection methods. Founded in 2015 and headquartered in Markham, Canada, the company has raised approximately $15.8 million at the Series B stage.

Business model

Drones > Tech Enabled Services > Industrial Inspection > Proprietary Drones,

Oil & Gas Tech > Tech for Vertically Integrated Players > Tech Enabled Inspection Services > Drone,

Plug and Play Tech Center Batches > Energy > Batch 2

Institutional investors

Drone Fund Kuang-Chi Europa Almond Tree Enterprise Clanton Capital

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