Skydweller Aero Inc. Raises $40M In Oversubscribed Series A Funding Round To Continue Rapid Technological Development To Meet Demand For Persistent Flight
Skydweller Aero Inc. Raises $40M In Oversubscribed Series A Funding Round To Continue Rapid Technological Development To Meet Demand For Persistent Flight
09/09/21, 1:04 PM
Money raised
$40 million
Round Type
series a
Skydweller Aero Inc., a U.S.-Spanish aerospace company developing solar powered aircraft for defense and commercial industries, today announced it has raised $40 million in an oversubscribed Series A funding round. This new figure reflects $8 million of additional funding after the aerospace company previously reported its Series A close in 2019. The financing was led by Leonardo S.p.A, Marlinspike Capital, and Advection Growth Capital.
Company Info
Additional Info
Skydweller Aero Inc. is a cutting-edge aerospace company developing solar powered aircraft solutions capable of achieving perpetual flight with heavy, powerful payload capacity. Utilizing technology based upon the longest continuous renewably powered flight program in history, this fast-growing startup is developing a new class of unmanned aircraft, providing the persistence of geosynchronous satellites with the powerful sensing capabilities and the flexibility of a large, airborne platform.
With a flexible payload system, including communications relay, 4G/5G cellular, day/night full motion video, satellite communication, imaging radar, and more, Skydweller will enhance commercial and government telecommunication, geospatial, meteorological, and emergency operation efforts around the world, allowing customers to operate persistently in more challenging areas for longer durations, while reducing environmental impact. For more information about Skydweller, visit www.skydweller.aero.
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