Zürich-based provider of professional mapping drones, developer of fully autonomous flights software, and the WingtraPilot app, Wingtra has raised $22 million in a Series B funding round. The fresh cheddar will be used to accelerate operations on all fronts, according to the company. Founded in 2015, Wingtra has raised $41 million since early 2016.
The Series B round was provided by an unknown lead but saw the involvement of DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, Ace & Company, the European Innovation Council Fund (EIC Fund), Spring Mountain Capital founder John L. Steffens, and a host of undisclosed Swiss Entrepreneurs.
Along the lines of what Peter Thiel-backed Quantum Systems is working on, Wingtra is producing drones that make the lives of surveyors ever easier. Like the drones we’ve all become accustomed two, Wingtra’s solution is capable of take-off and landing in just about any location, and once airborne, allows for the collection of data that enables construction and infrastructure, mining, environmental monitoring, agriculture and urban planning and land management professionals true digital copies of the landscape around them.
The company employs close to 200 individuals across offices in Zürich, Zagreb, and Fort Lauderdale, and counts CEMEX, Rio Tinto, Army Corps of Engineers, and the Kenyan Red Cross cross amongst its client base. According to the company, their drones log over 100,000 flights annually, and have mapped 18 million acres of land and sea, the equivalent of 13.6 million football fields (presumably American football).