Latvian drone startup Atlas Dynamics has raised $8 million in a new round of funding. The names of the private and institutional investors have not been disclosed.
The Riga-based company develops hardware and software products for collecting data via drones, including Atlas Pro, an autonomous drone operating system, with 55 minutes of flight time at ranges up to 50km.
Its chief products are its Visual Line of Sight (VLOS) and Beyond Visual Line of Sight (BVLOS) solutions for use cases like construction, emergency response, and infrastructure inspection. It plans to begin selling its products in North America by the end of the year.
Atlas Dynamics was founded in 2015 and its founders come from an aerospace background.
“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,” commented Guy Cherni, CMO of Atlas Dynamics.
“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.”