Unifly, European leading provider of Unmanned Traffic Management and Drone Operations Management software, has completed its series A funding. The investment will be used to accelerate growth and to build an international sales organization. Unifly is uniquely positioned to capture a large market share and to become a global player.
The lead investor is Terra Drone, a major drone operator and system integrator in Japan.
Together with the original providers of seed capital, Qbic and PMV, a total of 5 million euro is invested in cash, bringing the total external funding of Unifly to 6.3 million euro. This funding is the single largest investment in an UTM software company in Europe and illustrates the confidence of the investors in the technology and the team of Unifly.
The market for unmanned Traffic Management is very young, but is essential for the anticipated growth of the drone industry. Since the introduction of UniFly’s application software for professional and for private drone operators in April 2016, over 1000 users have been registered, of which over 30% from outside of Europe. The aim is to become the de factostandard for professional drone operators. Therefore, Unifly is partnering in global initiatives such as the Global UTM Association and ISO to develop standards for Unmanned Traffic Management.