Hamburg, 10/05/2021 – FlyNex recently closed another financing round worth millions of euros to develop new business areas and expand its current business. The entry of STIHL as an investor creates a strategic partnership to use drones as tools for data collection and analysis in different areas such as forestry and horticulture in the coming years.

In addition to the new commitment of STIHL Digital GmbH, the financing round is completed by investments from HTGF, TGFS – Technologiegründerfonds Sachsen, GPS Ventures, and Snowflake Ventures. The repeated participation of existing investors in the current round demonstrates the confidence in FlyNex to develop into a leading drone data platform.

To date, FlyNex is the only platform in Europe to offer holistic digital services to companies in seven European countries, focusing on the energy supply, telecommunications, and construction and real estate industries. In addition to collecting data by drones, FlyNex also offers a comprehensive, seamless service from advising the customer through implementation to evaluating and using the acquired data.

The partnership with STIHL, known in around 160 countries as a leading manufacturer of quality products for forestry, municipalities, crafts, construction, and gardening, allows FlyNex to expand its offering to different industries and target groups. STIHL also sees many advantages in the liaison. “We have spent a long time looking throughout the international markets for innovative solutions in this area and are convinced that we have found the right partner in FlyNex,” says Benjamin Junghans, Director at STIHL Digital GmbH. Both partners are convinced that they can develop solutions based on drone data that are of interest to many STIHL customers.

“With our end-to-end platform, we offer companies automated drones and artificial intelligence for data collection and real-time decision-making. We enable companies to create and process data in a way that only digital aerospace companies can,” said Andreas Dunsch, CEO of FlyNex.

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About FlyNex

FlyNex, based in Leipzig, Hamburg, and San Francisco, is the leading software solution for commercial drone projects. Through its own cloud platform, FlyNex covers the full range of commercial applications for data collection by unmanned aerial systems.

FlyNex’s solution enables companies and organizations to digitally capture asset, facility, and building data using drones. The full integration of drones and Artificial Intelligence helps companies not only to collect data, but also to analyze it automatically.

FlyNex is successfully used as a drone management solution by renowned companies and technology leaders in the construction, real estate, energy, and aviation sectors. In addition, FlyNex is involved in innovation projects across Europe for the successful integration of drones, e.g., for medical transport, intelligent air traffic management, or air cab navigation.

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The STIHL Group develops, manufactures and distributes power tools for professional forestry and agriculture as well as for garden and landscape maintenance, the construction sector and private garden owners. The product range is complemented by digital solutions and services. The STIHL Group’s sales network consists of 41 STIHL-owned sales and marketing companies, approximately 120 importers and more than 53,000 independent, STIHL-authorised dealers in over 160 countries. STIHL has been the world’s top selling chainsaw brand since 1971. The company was founded in 1926 and is based in Waiblingen near Stuttgart, Germany.

STIHL Digital GmbH is the corporate venture capital entity of the STIHL Group which invests and collaborates with cutting-edge technology companies.

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