CyPhy scoops up USD7 million to build flying robots

November 5
10:25 PM 2013

CyPhy raised USD7 million to day from a financing round led by Lux Capital. Felicis Ventures, General Catalyst Partners, and other unnamed angel investors also participated in this round. The new funds will be used to build flying robots, according to a report by Venture Beat.

CyPhy (Cyber-Physical) is a company based in Danvers, Massachusetts, that designs autonomous flying robots with unlimited power supply, high definition video, and a secure line of communication for data sending, said the Venture Beat report.

Its founder, Helen Greiner, is also iRobot's president. In a statement, she explained that she wants the company's flying robots to expand to the commercial sector to be used in surveying, monitoring, mapping, and other purposes, the Venture Beat report said.

CyPhy, has two types of robots. The first one is the EASE (Extreme Access System for Entry) robot, which is a hovering robot for indoor uses only. The second one is the PARC (Persistent Aerial Reconnaissance and Communications) robot, which is a multicopter that can be used outdoors, according to the said report.

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