CHESEAUX-SUR-LAUSANNE, Switzerland, 06, February 2020 – senseFly, through its parent organization Parrot (PARRO : FP), has recapitalized its balance sheet and funding, guaranteeing a healthy operational outlook as it continues its growth path as the global leader in fixed-wing drones.
The financial backing comes at a particularly meaningful time for senseFly – an Ecole Polytechnique Fédérale de Lausanne (EPFL) spin-off – which celebrates its 10th anniversary this year. Since its inception, senseFly has flown over 1 million flights, mapped an estimated 500,000 square kms and generated over USD $ 100 million in revenue.
This important milestone sees senseFly’s status shift from promising start-up that pushed the boundaries of remote mapping to leading manufacturer of professional fixed-wing drones used by some of the world’s largest organizations, including Trimble and Microsoft.
In simple terms, this means senseFly has the resources to focus its strategy on its operational efficiency. The benefit of zero debt and a sound balance…