Voliro closes Series A fundraising with $12M led by Cherry Ventures
03-10-2024 – (Photo credit: Voliro AG) Our alumni project, Voliro, recently closed a $12M Series A funding led by Cherry Ventures. The funding will be used to support the expansion of the startup's product offerings and bring its powerful flying robot technology to more industries globally.
The startup launched its first product in November 2022, a drone equipped with a unique tiltable rotor system that allows it to interact with surfaces at any angle, making it an invaluable tool for industries where safety, efficiency, and precision are paramount.
“Our mission is to eliminate the need for people to be exposed to risk for any work at height,” said Timo Müller, COO and co-founder of Voliro. “With our advanced flying robots, we’re not only making these operations safer but also more efficient and cost-effective. This new funding will enable us to expand our product offerings and bring our technology to more industries globally.”
“The recurring revenue from our subscription model allows us to continually invest in R&D and deliver high-quality solutions to our customers,” said Florian Gutzwiller, CEO of Voliro. “We’re committed to pushing the boundaries of what’s possible in aerial robotics, and this funding round is a testament to the confidence our investors have in our vision.”
“Voliro is setting a new standard in industrial inspections with its innovative aerial robotics technology, which addresses critical safety and efficiency challenges across multiple industries,” said Christian Meermann, Partner at Cherry Ventures. “We are excited to support Voliro as they scale their impact globally, bringing a safer and more efficient approach to work at height.”
Source: Voliro AG
