Drone maker SkyX raises $6.8 mln from Kuang-Chi GCI Fund
SkyX Systems Corp, a maker of autonomous drones to service the oil and gas industry, has secured most of a $6.8 million (US$5 million) investment by the Kuang-Chi GCI Fund, a fund launched last year by China's Kuang-Chi Group. Founded in 2015 by CEO Didi Horn, Markham, Ontario's SkyX has developed a self-charging drone that can inspect pipelines for damage and provide clients with mapping and security surveillance. The technology helps energy companies limit their reliance on road vehicles and manned aircraft. SkyX said it will use the funds raised to grow its markets and develop its product.
23 May 2017•3 mins read
