Sydney, Nov 20: In a significant move towards its global expansion strategy, Australian drone technology startup Aerologix has successfully raised $2 million in the capital, led by Lindsay Phillips’ Nightingale Partners and supported by Ellerston Capital.
The company, often referred to as the “Uber for drones,” is poised to accelerate growth with this funding, doubling down on its success in matching drone operators with clients seeking aerial imaging services.
Founded in 2019 by ex-airline pilot Tom Caska and former technology consultant Rakesh Routhu, Aerologix has rapidly grown, boasting a network of over 29,000 drone pilots.
The company recently expanded its operations to New Zealand and is now strategically focusing on North and South America.
As a key component of its expansion plan, Aerologix has acquired Mappa, a Brazilian mapping software company renowned for its cutting-edge technology that transforms drone data into high-resolution maps.
With a strong presence in South America, Mappa will continue to operate independently under Aerologix’s management, catering to its approximately 185 customers.
Simultaneously, Mappa’s technology will be integrated into Aerologix’s offering, branded as AerologixMaps, marking its global launch.
AerologixMaps seamlessly integrates with the Aerologix Drone Ecosystem, enhancing the capabilities of the AerologixFly app.
The integration includes access to the patented Aeropath software, providing an automated flight solution specifically designed for inspecting vertical asset structures through the pilot app.
Co-founder and COO Rakesh Routhu expressed the synergy between Aerologix and Mappa, stating, “Mappa was the missing piece in our plan to build a comprehensive global drone ecosystem.
This acquisition not only supercharges our growth in South and North America but also provides a platform for a Software as a Service (SaaS) model, along with additional revenue streams derived from monetizing our extensive drone pilot network.”
CEO Tom Caska highlighted the tremendous interest in AerologixMaps within the company’s network, emphasizing its value in providing a simple and affordable method for creating maps.
He stated, “AerologixMaps also allows us to establish drone pilot networks abroad without having to set up offices in every country, giving us a strategic advantage over competitors.”
Aerologix’s technology is versatile, supporting 135 different drone types and catering to diverse industries such as renewable energy, construction, real estate, and infrastructure.
The company stands out as one of the few drone companies integrated into the Civil Aviation Safety Authority (CASA) digital sky platform, ensuring compliance with regulations and enhancing safety measures for drone operations.
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