Exyn Technologies, a pioneer in multi-platform robotic autonomy for complex, GPS-denied environments, has announced the successful second close of its recent funding round.
This milestone, Exyn says, further strengthens the company’s strategic partnerships with two prominent investors, C.R. Kennedy & Company and Aero X Ventures.
Exyn says it is revolutionising industries such as mining, logistics and construction by providing a single, integrated solution to capture critical and time-sensitive data in complex and GPS-denied environments. This breakthrough technology enables safer, more affordable and highly efficient data collection.
The company plans to leverage the secured funds to advance product innovation, launch new products, expand into new markets and applications and enhance the overall client experience.
C.R. Kennedy & Company, established in 1934, is Australia’s largest distributor of geospatial instruments, employing over 280 highly skilled professionals.
Robert Kennedy, Managing Director at C.R. Kennedy & Company, said: “After working with some competitor products, our sales specialists made the correct decision to sell the Exyn system. The factors in our decision were reliability, aftersales support and future developments. No other system in our experience comes close to the reliability of the ExynAero, which satisfies the demanding requirements of Australian underground surveyors.
“Moreover, we see Exyn’s dedication to research and development reflected in regular software updates with improved functionality. With their groundbreaking Level 4 Autonomy, Exyn has surpassed their competition, and we eagerly anticipate their future product developments.”
Aero X Ventures, a deep-tech, early-stage venture firm specialising in transformative aerospace and defense technologies, brings significant strategic value to Exyn.
Kyle Mounts, Partner and CIO at Aero X Ventures, said: “Our partnership with Exyn recognises the incredible strategic alignment and potential to capitalise on our firm’s resources to accelerate their growth. Exyn’s world-class team has demonstrated a unique capability to apply highly capable autonomous systems to solve complex real-world problems. As Exyn scales its products across industries, we look forward to leveraging our social capital and deep expertise in aviation and defense, bringing significant value to Exyn’s continued success.”
Ben Williams, COO of Exyn, said: “We are thrilled to have Aero X Ventures and C.R. Kennedy as investors in Exyn. Their expertise and resources will be invaluable as we continue to drive innovation, expand into new markets and solidify our position as a market leader. Together, we will unlock new opportunities and revolutionise the autonomous robotics landscape.”
Read the full article at International Mining