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Drone Company Atlas Dynamics Completes $8 Million Funding Round

July 31, 2017 by Frank Schroth 6 Comments

Atlas Dynamics

Atlas Dynamics, a developer of drone-based solutions for the professional user, announced it has raised $8 million from private and institutional Asian and Israeli investors. Atlas, founded in 2015 by Ivan Tolchinsky (CEO) and Igor Zhydanov (CTO), is developer of the Erida drone (find related coverage here).”.”

The proceeds of the funding will be applied to the development of its Visual Line of Sight (VLOS) and Beyond Visual Line of Sight (BVLOS) drone-based data solutions, and to build its presence in key markets, including North America. The company expects to begin distributing its products in North America in Q3 of this year. Key applications for Atlas include infrastructure inspection, construction, emergency response, security and insurance.

“The market is ready for fully autonomous drone-based solutions that are available to fly today, capable of providing key data in multiple VLOS and BVLOS scenarios,” said Guy Cherni, CMO for Atlas Dynamics. “These funds will further our efforts to redefine this growing industry. We are using our background and knowledge in aerospace technology to equip our market-ready products with sophisticated aeronautical design, combined with ease-of-use, durability, and accessibility for every business.

Atlas Dynamics utilizes its proprietary technologies, including: full carbon-fiber hulls, smart lithium-silicon batteries, and electronic, communication and mechanical components, enabling users to optimize flight time and data collection capabilities. The Atlas drone platform provides up to 55 minutes of flight time and ranges of up to 50 km, and is able to operate in day/night scenarios and extreme weather conditions.

The full drone solution comprises the “Atlas Pro” drone, an autonomous operating system, versatile and interchangeable payloads, and a remote controlled protective landing and charging smart docking station.

Atlas will be showcasing its solutions at InterDrone 2017, to be held in Las Vegas on September 5-7 at Booth 800.

Frank Schroth
Frank Schroth

Frank Schroth is editor in chief of DroneLife, the authoritative source for news and analysis on the drone industry: it’s people, products, trends, and events.
Email Frank
TWITTER:@fschroth

Filed Under: Business and Finance, Drone News Feeds, News, Products Tagged With: Atlas Dynamcis, Erida, Funding

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  1. Atlas Dynamics to Launch Autonomous Drone System at InterDrone 2017 - AWuAV says:
    August 22, 2017 at 3:17 pm

    […] professional drone, the Atlas Pro, at InterDrone 2017. The announcement comes on the heels of  the company’s recent funding round. Atlas will partner with US-based, Pentagon Performance Inc. (PPI) to deliver the first Pros to […]

    Reply
  2. Atlas Dynamics to Launch Autonomous Drone System at InterDrone 2017 | News and Reviews about Drones, Quadcopter, Camera says:
    August 22, 2017 at 1:51 pm

    […] professional drone, the Atlas Pro, at InterDrone 2017. The announcement comes on the heels of  the company’s recent funding round. Atlas will partner with US-based, Pentagon Performance Inc. (PPI) to deliver the first Pros to […]

    Reply
  3. Drones delivering blood are saving lives in Rwanda bush | Drone "Ki" says:
    August 9, 2017 at 12:56 am

    […] Atlas Dynamics, a developer of drone-based solutions for the professional user, announced it has raised $8 million from private and institutional Asian and Israeli investors. Atlas developed the Erida drone which has a bit of a convoluted history (find related coverage here). Initially conceived of as a competitor to the GoPro Karma and at one […] The post Drone Company Atlas Dynamics Completes $8 Million Funding Round appeared first on DRONELIFE. See Original Article […]

    Reply
  4. Tracxn - India Analyst Notes | Tracxn Blog says:
    August 1, 2017 at 5:37 am

    […] Atlas Dynamics (2015, Dublin), professional drone solutions for data collection, raises $8M in undisclosed round of funding from private and institutional investors. Link […]

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  5. Drone Company Atlas Dynamics Completes $8 Million Funding Round – TheDrones.Link says:
    July 31, 2017 at 9:08 am

    […] post Drone Company Atlas Dynamics Completes $8 Million Funding Round appeared first on […]

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  6. Drone Company Atlas Dynamics Completes $8 Million Funding Round | DRONEPETS.ORG says:
    July 31, 2017 at 8:12 am

    […] post Drone Company Atlas Dynamics Completes $8 Million Funding Round appeared first on […]

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