Altitude Angel, the world’s main UTM (Unified Visitors Administration) expertise supplier, as we speak introduced it raised an extra £4m ($5.3m US) from one among Europe’s largest VC traders, Octopus Ventures.
The most recent fundraising concludes Altitude Angel’s collection A spherical, led by Octopus Ventures and current investor Seraphim Capital. It additionally brings the whole invested in Altitude Angel in 2020 to £7.05m ($9.4m)
UTM is the platform which can permit UAVs (Unmanned Aerial Autos, typically known as drones) and manned plane to function harmoniously in shared skies. By way of the widespread adoption of UTM platforms, governments and authorities will have the ability to start constructing the super-highways of the long run – networks of interlinking drone corridors which can revolutionise the transportation of products; from medical provides and fast-food deliveries to ‘Amazon-like’ parcel drop off and collections.
The funding will permit Altitude Angel to capitalise on its fame because the world’s chief in growing and deploying native and nationwide UTM platforms, permitting it to additional broaden its worldwide presence and in doing so, speed up the protected and safe use of drones in skies throughout the globe. Following the opening of its Dutch HQ in September, the corporate might be opening workplaces native to its worldwide companions along with rising its presence in markets selling UTM development by way of H1 2021.
Octopus Ventures’ Zoë Chambers will be part of the Altitude Angel board, which is chaired by former Microsoft govt Pieter Knook.
Zoë Chambers, deep tech investor at Octopus Ventures, stated: “We’ve been speaking in regards to the potential of drones to radically remodel all kinds of industries for a very long time now, because the variety of purposes is big, however for it to be viable, we’d like a system that may handle drones and, finally, different sorts of unmanned air site visitors at scale.
“Altitude Angel’s expertise solves this downside and permits extremely automated drones to be safely built-in inside a nation’s airspace and, in doing so, permit drones for use to survey infrastructure, ship small parcels, and even ship vital medical provides, comparable to donor organs, with out disturbing regular air site visitors.
“The market alternative is gigantic, and we firmly consider Altitude Angel’s UTM platform will develop into the blueprint for drone integration and the infrastructure layer for an unmanned air site visitors community throughout the globe. Richard and his workforce have already made significant progress in the direction of this purpose and we’re excited to get to work to assist realise their imaginative and prescient.”
Richard Parker, Altitude Angel, founder and CEO added: “Altitude Angel has constantly damaged new floor within the growth and deployment of Unified Visitors Administration expertise, pioneering the mixing of UTM inside current ATM (Air Visitors Administration) methods and networks. Our partnership with Octopus Ventures and the funding they’ve made in our enterprise will permit us to considerably construct on the foundations we’ve spent the previous years laying.
“The substantial investments made in our firm all through 2020 – throughout a time of immense globally instability – exhibit the strong foundation for the enterprise we’re constructing and means we will focus extra on accelerating our development and enlargement plans, strengthening our current answer portfolio and proceed to ship on our imaginative and prescient for the way forward for automated transport. As international locations all over the world rebuild from the impression of COVID, we’re going to assist them build-back larger, stronger and, most significantly: geared up to cope with tomorrow’s skies.”
This newest funding follows Altitude Angel’s announcement in September it could be opening the world’s first business drone super-highway in open and unrestricted airspace within the Thames Valley, to the west of London, in 2021. The hall makes use of Altitude Angel’s “Arrow” expertise.
Operated and managed by Altitude Angel, the location might be obtainable to assist totally automated drone flights past visible line-of-sight (BVLOS) from any drone firm which completes a collection of fundamental technical integrations which, crucially, don’t require specialist hardware on-board the drone.
Altitude Angel was based in 2014 by Richard Parker and has rapidly develop into the world’s main UTM expertise firm. Its options are deployed by air navigation service suppliers (ANSPs) across the globe, together with the Netherlands’ LVNL, Norway’s Avinor and the UK’s NATS, with additional important rollouts deliberate in 2021. Its market main information can be utilized by drone manufactures, together with the world’s largest, DJI, flight planning platforms and enterprise companies.
About Altitude Angel:
Altitude Angel is an aviation expertise firm delivering options which allow the safer integration and use of totally automated drones into airspace. By way of its Airspace Administration platform, GuardianUTM O/S, they ship the important software program platform which allow nationwide deployments of U-space appropriate companies, safely unlocking the potential of drones and serving to nationwide aviation authorities and air navigation service suppliers to ascertain new companies to assist the expansion within the drone trade.
The muse elements of GuardianUTM O/S are additionally obtainable to allow third-party UTM builders to include enterprise-grade information and companies into their UTM options.
Altitude Angel was based by Richard Parker in 2014 and is headquartered in Studying, UK.
Altitude Angel’s developer platform is open and obtainable to all at: https://builders.altitudeangel.com.
GuardianUTM permits drone producers and software program builders to attach right into a wealthy, dynamic supply of correct, authoritative and related info to assist geofencing, whereas providing enhanced UTM capabilities comparable to a single interface to multi-country flight authorisation.
The system is being deployed by NATS, the UK’s predominant air navigation service supplier, and was demonstrated as a part of ‘Operation Zenith’ in 2018, providing enhanced airport safeguarding and automatic approvals to fly in managed airspace. Altitude Angel is now bringing on-line performance to allow drone pilots anyplace on the planet to get 1-click entry to managed airspace.
Its companion product, GuardianUTM O/S, helps all of the performance required to ship national-grade drone site visitors administration capabilities to any nation that needs to soundly unlock the potential of drones.
About Octopus Ventures
Octopus Ventures, a part of the Octopus Group, is constructed to specialise within the 4 areas we consider will change the world for the higher: well being, cash, deep tech and shopper.
We now have backed the founding groups of greater than 100 corporations together with Zoopla, Secret Escapes, graze.com, tails.com, Swiftkey, Elvie, Depop, Sofar Sounds, Huge Well being, Purchased By Many, ByMiles, OLIO and Cazoo.
A few of our portfolio corporations have gone on to affix forces with the world’s largest companies together with Google, Amazon, Microsoft and Twitter.
With £1.three billion beneath administration and investing over £100m a yr, Octopus Ventures is without doubt one of the largest and most energetic enterprise traders in Europe. Our typical funding is from £1 million for Seed to £10 million for Collection B and we will proceed to fund the businesses we again proper by way of to IPO.
We’re primarily based in London and New York with a community that spans from San Francisco to China. The businesses we again develop into part of this community, with entry to a formidable useful resource of expertise and experience.
Our present funding focus:
Way forward for Well being: Reworking the well being trade, from digital therapeutics by way of to biotechnology.Way forward for Cash: Revolutionising society’s potential to change and allocate monetary assets and danger.Deep Tech: The instruments and applied sciences that may energy the subsequent industrial revolution. These embody quantum computing, robotics and drones, sensory human augmentation and 3D printing.Shopper: Reinventing the on a regular basis, in how we reside, work, journey, play, relaxation and recuperate.
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