Yamaha Motor Ventures & Laboratory Silicon Valley, the strategic business development and investment arm of Yamaha Motor, has participated in the $16 million Series A funding round for Exyn Technologies, a developer of autonomous aerial robotics for GPS-denied environments.
The investment is one of the first out of the $100 million Yamaha Motor Exploratory Fund established in 2018 and activated this year. The Exyn investment reflects YMVSV’s interest in developing innovation in the aviation sector.
George Kellerman, CEO and managing director of YMVSV, says: “Advanced aerial autonomy technologies have broad impacts across industry sectors, making Exyn Technologies a very attractive exploratory investment for us.
“Aviation is one of five sectors of focus for YMVSV, with a specific interest in supporting innovative approaches that improve operational efficiency and safety.
“Exyn’s work in the field, particularly for GPS-denied environments, is extremely promising and we look forward to helping build upon its competitive advantage in the marketplace.”
Nader Elm, CEO of Exyn Technologies, says: “With our Series A funding complete, we can now focus on ways to fully leverage the world’s first industrial-grade autonomous aerial technology for dangerous and inaccessible environments.
“Following the successful deployment of our solution in mining and defense industries, we see huge potential in our partnership with Yamaha Motor to expand the applications of our technology to new industries.”