Helen Greiner co-founded iRobot fourteen years ago. Last week, she was back at DEMO (this time Demo Labs) to present her new startup CyPhy Works where she is co-founder and CEO. CyPhy Works is developing “Unmanned Ariel Systems” or drones for industrial applications. In her presentation, Greiner predicts the evolution of the non-military drone industry over the next five years, from 2014 enthusiast to delivery drones in 2019 and beyond. The chart below lays out her vision of how the industry will evolve.
In November of last year, CyPhy Works raised $7 million in equity financing. The round was led by Lux Capital, with participation from General Catalyst Partners, Felicis Ventures and several prominent angel investors.
From their website,
“CyPhy Works offers proprietary commercial grade ‘no-pilot’ hardware systems, autopilot and control software, un-interrupted high-def and infrared imaging, laser measurement sensors, and data management solutions. In addition to the traditional benefits of UAVs, the company also has developed a proprietary microfilament technology that can be used for persistent operation in the field for hours/days/weeks without needing frequent battery swaps, and for real-time secure data transfer to the ground station. CyPhy Works’ UAV platform also allows for additional sensors to be easily mounted for application specific uses.”
Helen’s presentation “Here Come the Drones” at Demo Labs: