Sky-Futures raises $5.7m from Bristow Group and MMC Ventures to develop its technology platform.
Bristow Group and MMC Ventures have backed drone inspection provider Sky-Futures in a $5.7m investment round.
Sky-Futures provides drone inspection services and software analytics for the oil and gas sector. The company operates across multiple international regions, serving major energy producers.
Sky-Futures has secured $5.7m in a funding round backed by Bristow Group and MMC Ventures. The investment comprises $4.2m from Bristow Group and $1.5m from existing backer MMC Ventures, lifting the company total to more than $10m.
The capital will be directed towards accelerating the development of the company technology platform. Sky-Futures deploys drones and proprietary software to inspect energy infrastructure, helping operators identify corrosion and structural issues.
The firm currently delivers inspection services across major global energy basins, working alongside more than 35 international oil and gas companies.
From the founder
"This partnership between Bristow and Sky-Futures enables us to rapidly expand the operational delivery of drone-based inspection services in the global oil and gas market. We’re really excited because it allows us to enhance our advanced technology platform that powers industrial data capture and analysis, providing our clients with increasingly valuable and actionable information. We’re working on automating the entire analysis process using algorithms to provide a high degree of confidence to engineers. This will enable more efficient operations, planning and maintenance of the infrastructure."
James Harrison
Co-founder and CEO at Sky-Futures
Investor perspective
"We backed Sky-Futures early on, not just as a leading commercial drone business, but as a much larger opportunity to use data to change the way the oil and gas industry thinks about its infrastructure – and we’ve worked closely with the founders over the past year to build out the global team and technology platform. This new partnership with Bristow will combine the best of both companies’ capabilities while enabling Sky-Futures to accelerate the development of its customer and analytics software."
Simon Menashy
Partner, MMC
Use of funds
- 01Continue product development
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About the company
Sky-Futures
Sky-Futures provides industrial drone inspection and data analysis services for the energy sector.