Amygda raises £200k from Boeing and Tawazun Economic Council to accelerate product development
Boeing and Tawazun Economic Council have backed the industrial tech company in a pre-seed follow-on round.
Amygda provides software that helps industrial and transport sectors optimise asset maintenance and sustainability. The company was founded by former Rolls-Royce engineers.
Amygda has secured £200k in pre-seed follow-on investment from Boeing and the Tawazun Economic Council. The capital will be used to accelerate product development and facilitate expansion into new regions.
The funding builds upon Amygda's previous participation in the Boeing-led Aerospace Xelerated accelerator programme. The company serves customers across the aerospace, rail, and industrial sectors in the United Kingdom and the United States.
Boeing and Tawazun join as strategic investors, providing both financial backing and domain expertise. The partnership deepens Amygda's existing ties with aerospace leaders while establishing a regional connection in the United Arab Emirates.
Use of funds
- 01Continue product development
- 02Expand into international markets