# Efy Technology (Tianjin) Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/efy-technology-tianjin-co

- Industry: Aerospace
- Headquarters: Tianjin, China
- Website: www.efy-tech.com
- Latest round: Angel (Sep 21, 2015)
- Investors on record: 1

## About

Efy Technology specializes in innovative drone technology, focusing on drone performances and swarm displays, delivering captivating aerial shows for various events that enhance engagement and offer modern entertainment solutions.Founded in 2015, Efy Technology (Tianjin) Co., Ltd. operates from Tianjin, China, providing advanced drone technology services. The company has completed 3 deals, with the most recent being a Series A funding round in April 2018, where it raised USD 15.8 mn from the Aviation Industry Corporation of China. The founder, Xun Sun, has a background in technology entrepreneurship, although further details on previous ventures are not provided.Efy Technology specializes in drone technology, particularly in designing and operating aerial shows that integrate advanced algorithms and synchronized flight patterns. These performances are intended for corporate gatherings, public celebrations, and entertainment festivals, targeting event planners, entertainment agencies, and municipalities across China and internationally, enhancing the event experience with high-tech displays.The revenue of Efy Technology is derived from project-based contracts focused on custom drone performances. Clients typically engage the company through direct agreements for tailored shows, structured within a B2B framework. Payment terms are based on project scope, which may include fixed fees or variable pricing depending on performance complexity. The company also collaborates with event management firms for bundled services.Efy Technology plans to utilize the USD 15.8 mn raised in its April 2018 Series A funding to enhance its product offerings and expand into new markets. The company is currently designing new drone performance products with anticipated launches in the next 12-18 months. Furthermore, it aims to penetrate international markets, particularly targeting regions in Southeast Asia and Europe by 2022, leveraging its expertise in high-tech aerial displays.

## Funding rounds

- Angel, Sep 21, 2015 — Fenghou Capital

## Investors

- Fenghou Capital (https://capitalatlas.ai/funds/fenghou-capital) — Angel