Unique Network-bonding technology innovator to lead the market of commercial BVLOS
drone operations through expanded product, marketing, and sales efforts
[Or Yehuda, Israel]: Elsight announced the completion of a funding round, raising $8.3M to fund its growth through accelerating sales and marketing activities as well as offering further investment for ongoing product development.
This issue has closed oversubscribed with substantial support from shareholders and new institutional as well as professional investors, on the way to achieve Elsight’s vision of becoming a leading partner for top tier UAS companies who seek connectivity solutions for commercial beyond visual line of sight flights, under the approval of regulators around the globe.
“The advancements in both UAS technologies and the regulator’s approach to democratize commercial operations are the engine that propelled the unmanned economy to the significant growth we have seen throughout 2020.
Elsight’s Trailblazing position in the connectivity sphere for commercial UASs, UAVs,
sUASs, Drones, and UGVs, has proven itself, with our growing base of partners’ pushing our technology through rigorous BVLOS testing and operations. We believe that this has created a huge opportunity for platform manufacturers, who can use our fully mature and deployable connectivity technology to assist them with both shorten their time to market and certifying their platforms for commercial BVLOS operations.
This fundraise will help us reach an increasing number of drone manufacturers & service providers who want to operate BVLOS at scale and will also help us expand our product offering to solve the challenges of the market as they evolve. We believe that a secure, reliable, C2 communication link, topped by the option to stream data in real-time from any unmanned platform to anywhere in the world is key for commercial-scale UAS
operations, from inspection and precision agriculture to delivery and public safety. Our
latest product offering, Halo, already serves many types of UAVs/ UGVs around the
globe, to provide reliable connectivity, from visual line of sight to beyond visual line of
sight operations. Halo’s ability to flexibly interchange between different IP links, and
aggregating different networks into one pipe of communication, makes it the most viable
solution for both commercial needs and regulators requirements. We are thrilled to announce this fundraise, and are ready to expand our market reach, enabling the
commercial scale of unmanned services around the world.
I would like to personally thank all of our existing and new investors and customers for believing in us and our great team of professionals
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