SkySquirrel raises $1 mln to ramp up drone technology
SkySquirrel Technologies Inc, a provider of drone-based technology, has secured $1 million in financing. Canadian venture capital firm Innovacorp invested $500,000 in the round, with an undisclosed private investor accounting for the balance. Based in Halifax, SkySquirrel has developed unmanned aircraft for monitoring crop health, with a focus on improving crop yields and reducing costs at commercial vineyards. Founded in 2012, it currently sells products in Canada, France, Spain, Switzerland, Chile and China. SkySquirrel will use funds raised to enhance its technology and enter new markets.
31 March 2016•2 mins read
