Undisclosed · Robotics

ABZ Innovation secures $8.2m led by Vsquared Ventures

Day One Capital and Assembly Ventures join financing to expand manufacturing and the global distribution network.

Scaling production from an international operating base

Vsquared Ventures led ABZ Innovation’s $8.2m investment, with Day One Capital and Assembly Ventures participating.

The company said its drones were already operating in more than 25 countries, with traction in the US. It plans to expand manufacturing, accelerate product development and strengthen distributor support. The investment backs a European hardware and software supplier in a market dominated by Chinese manufacturers.

Funding history

Undisclosed · This round$8.2M

Sources

  1. businesswire.com