Cyberhawk, a provider of UAS inspections and asset visualization software for energy infrastructure, has announced that it has been acquired by funds advised by Magnesium Capital LLP.

According to Cyberhawk, the transaction will provide more growth capital to fund further stages of software development, as well as U.S. expansion.

“We are extremely proud to have established a globally renowned reputation and to be relied upon by many of the world’s largest energy companies,” says Cyberhawk CEO Chris Fleming.  

“This next phase of growth is a very exciting time for the business. We see a huge opportunity in the US market, a region in which we are already using our credentials and mature, trusted UAV data capture solutions as a springboard for growth.”

Having flown more than 30,000 commercial missions in more than 30 countries around the world, Cyberhawk recently developed iHawk, a cloud-based, artificial intelligence-enabled visual asset management software that uses high resolution imagery to digitize industrial infrastructure assets.

Cyberhawk notes that iHawk supports a variety of energy multinationals as they look to embed industry 4.0 in their organizations.

“Another important area of development is iHawk,” Fleming explains. “Through continuing to work with end users to create high value digital solutions, which address the industry challenges and needs that actually exist, we intend to cut through the noise of what is fast-becoming a crowded marketplace.”

Currently, Cyberhawk employs 60 people, including UAS pilots, inspection engineers, surveyors and software developers. Headquartered near Edinburgh, UK, the company opened an office in Houston in 2017 to add to its international bases in Abu Dhabi and Kuala Lumpur.