Through its parent organization Parrot, senseFly has “recapitalized its balance sheet and funding,” the company has announced, which will allow it to have a healthy operational outlook as it continues its growth path in the arena of fixed-wing drones.

SenseFly says that this milestone shifts its status from a “promising start-up that pushed the boundaries of remote mapping to a leading manufacturer of professional fixed-wing drones.” 

“senseFly is demonstrating a rare drone industry success story, transitioning from start-up to a mature, self-funded, successful business,” says Gilles Labossière, CEO of senseFly.

“Parrot’s long-term backing, thanks to senseFly important milestones and strategic focus, provides us with greater organizational efficiency and helps continue our upward trajectory as we enter into the next phase of our growth and expansion.”

According to senseFly, the financial backing gives it the resources to focus its strategy on its operational efficiency.

“The benefit of zero debt and a sound balance sheet also allows the fixed-wing leader to place greater emphasis on the technological innovations that matter most to its customers and that will drive the company, and drone industry forward,” senseFly adds.

A spinoff of Ecole Polytechnique Fédérale de Lausanne (EPFL), senseFly is celebrating its 10^th anniversary this year. Over the last decade, the company has flown more than one million flights, mapped an estimated 500,000 square kilometers, and generated more than USD $100 million in revenue.