Sky-Futures, one of the leading drone inspection service providers for the oil and gas industry announced it has secured £2.5 million (~$3.9 million) in Series A funding from London-based MCC Ventures. The announcement marks the largest Series A investment in drone technology in Europe to date.
This investment follows two significant seed rounds, which included prominent angel investors Nick Robertson (CEO of ASOS) and Jon Kamaluddin (former International Director of ASOS).
Sky-Futures flies its drones for some of the largest oil and gas companies in the world including Apache, BP, and ConocoPhillips. The drones capture high definition and thermal imagery which is processed by Sky-Futures’ proprietary data platform.
Since its inception in 2009, Sky-Futures has expanded its drone inspections services to sites all over the world, serving clients in the North Sea, the Middle East, Southeast Asia, North Africa, and most recently, Houston, Texas after receiving a Section 333 exemption from the FAA in March.
“We have experienced a fantastic level of growth in the past year, expanding our global reach and further establishing ourselves as the world leaders in oil and gas drone inspection,” Sky-Futures’ co-founder and CEO, James Harrison, said in the press release. “We recently received the permit to use our drones in United States National Air Space, an incredibly significant development, allowing us to further expand our international operations footprint.Today’s funding announcement marks the next stage for Sky-Futures, and we are looking forward to working with the MMC Ventures team as we further develop our technology-driven commercial drone services.”