Atlas Dynamics (atlasdynamics.eu), a leading provider of drone-based solutions for the professional user, announced today it has raised $8 million from private and institutional investors.
Atlas plans to use the capital furthering the development of both VLOS and BVLOS drone-based data solutions and to expand its brand recognition in the North American Market. Commercial businesses can expect to see Atlas’ products in North America as soon as Q3 this year.
“The market is ready for fully autonomous drone-based solutions that are available to fly today, capable of providing key data in multiple VLOS and BVLOS scenarios,” said Guy Cherni, CMO for Atlas Dynamics. “These funds will further our efforts to redefine this growing industry. We are using our background and knowledge in aerospace technology to equip our market-ready products with sophisticated aeronautical design, combined with ease-of-use, durability, and accessibility for every business.
Atlas’s team of aviation experts and engineers have created the Yi Erida, a compact foldable drone intended for commercial use in the inspection, construction, emergency response, and insurance industries. Its drones have recorded a staggering 55 minute flight time with extended ranges up to 50km.
Atlas will be showcasing its solutions at InterDrone 2017, to be held in Las Vegas on September 6-8 at Booth 800.