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Wingtra Secures $23 Million in Series B Funding for Market-Leading VTOL Drone Technology

Wingtra

Funding Amount
USD 23.0M
Company Size
51-200 employees
Industry
Aviation and Aerospace Component Manufacturing

Wingtra, a pioneering force in the world of VTOL drone technology, has successfully secured $23 million in its latest funding round, marking a significant milestone in the company’s mission to transform aerial data collection. Headquartered in Zurich, Switzerland, Wingtra has emerged as a leader in the drone industry since its inception in early 2017, collaborating with over 80 prominent surveying equipment dealers across more than 50 countries. With a talented workforce of over 100 employees—over 40 of whom specialize in research and development—Wingtra draws upon exceptional engineering talent, much of it hailing from the prestigious ETH Zurich. The funding will be strategically allocated to accelerate the development of cutting-edge drone technologies and expand Wingtra's global presence, enabling the company to enhance its support infrastructure in Europe and the Americas. Wingtra's flagship product, the WingtraOne drone, is lauded for its sophisticated aerial surveying capabilities, combining comprehensive coverage, outstanding resolution, and remarkable accuracy down to 1 cm (0.4 in). With this infusion of capital, Wingtra not only aims to innovate its product offerings but also to cater to a broader clientele engaged in surveying, mining, and wildlife monitoring. This funding round underscores the growing demand for precise, survey-grade aerial data, positioning Wingtra as a key player in meeting the challenges of an evolving market. As Wingtra continues to push the boundaries of drone technology, it reaffirms its commitment to providing the best-in-class solutions to mapping professionals around the globe.

August 20, 2024

Buying Signals & Intent

This company has expressed interest in the following products and services:

Analyzed by AI based on company activities and public data
  • Drone manufacturing
  • Surveying tools
  • Mapping software
  • LIDAR technology
  • Consulting and training services

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