Drone Maker CyPhy Works Raises $22 Million

What does CyPhy Works do?

CyPhy Works, is a company which develops unmanned air vehicles for search and rescue missions and bridges inspections. The company research starts with humans; it searches places and people where empowering technology is necessary. The company then scours the market landscape and literature to see if any used research can help them get close to helping the people in need.  If the research is no there, then the company does its own research. When they completely understand the opportunity and how they can address it in the best way, they get to work creating transformational technologies.

How much CyPhy Works was funded?

CyPhy works raised $22M in Series B on October 13, 2015 from General Catalyst Partners, Draper Nexus Ventures, Lux Capital, Motorola Solutions Venture Capital, UPS Strategic Enterprise Fund and Bessemer Venture Partners

Previous Funding

• $1.75M in Undisclosed round on February 2, 2010
• $1.2M in undisclosed on July 11, 2011
• $7M in Series A on November 5, 2013 from Lux Capital, General Catalyst Partners and Felicis Ventures
• $2.5M in Debt Financing on March 18, 2015 from Motorola Solutions
• Undisclosed amount on May 21, 2015 from Draper Nexus Ventures

 What is next for CyPhy Works?

CyPhy is about to start mass production of its Persistent Aerial Reconnaissance and Communications (PARC) drones. It can fly up to 500 feet in the air and stay there for hundred hours at a time. The company will also begin work next year on the tethered pocket flier drone which fits into the pants and can be sent into dangerous conditions.

More about CyPhy Works

CyPhy Works was founded on November 14, 2008 by Helen Greiner. It has its headquarters in Danvers, MA. They are a product company, whose products are reliable, accessible and practical robots designed for help real world issues.