Altitude Angel secures £4m Series A follow-on funding led by Octopus Ventures
The investment concludes the company's Series A round and was backed by Octopus Ventures and Seraphim Capital.
Altitude Angel provides unified traffic management software and drone superhighway infrastructure to safely integrate unmanned aerial vehicles into national airspace.
Altitude Angel has secured £4m in a Series A follow-on investment led by Octopus Ventures alongside existing backer Seraphim Capital. The capital concludes the company's Series A financing and contributes to a total of £7.1m raised across 2020. The business will use the proceeds to scale its international footprint and extend the deployment of its unified traffic management platform across overseas markets.
From the founder
"Altitude Angel has consistently broken new ground in the development and deployment of Unified Traffic Management technology, pioneering the integration of UTM within existing ATM (Air Traffic Management) systems and networks."
Richard Parker
CEO and founder at Altitude Angel
Investor perspective
"We’ve been talking about the potential of drones to radically transform all sorts of industries for a long time now, as the number of applications is huge, but for it to be viable, we need a system that can manage drones and, eventually, other types of unmanned air traffic at scale."
Zoë Chambers
Deep Tech Investor, Octopus Ventures
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Altitude Angel
Altitude Angel develops unified traffic management software for the global drone industry.