# Exyn Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/exyn-technologies

- Industry: Software
- Headquarters: Philadelphia, US
- Website: www.exyn.com
- Total disclosed funding: $16M
- Latest round: Series A (Jun 28, 2019)
- Investors on record: 6

## About

Exyn Technologies Inc., based in the US, specializes in advanced drone technology, providing autonomous solutions that enhance data collection and mapping in complex environments across various industries.Founded in 2014 in Philadelphia, US, Exyn Technologies Inc. develops autonomous drone systems for industrial applications. The company has undergone a growth strategy focused on enhancing its product offerings. Its latest funding round was a Series B, led by Reliance Industries Limited, raising USD 35  million, bringing the total amount raised to USD 25.00 mn with a current valuation of USD 120.94 mn. The company has closed six deals, with the most recent on December 22, 2022. The founders, Nader Elm and Vijay Kumar, have backgrounds in innovative technology and entrepreneurship.Exyn Technologies specializes in advanced industrial drone technology, with its flagship product being the Nexys autonomous drone system. Nexys captures accurate, real-time 3D colorized point clouds, significantly enhancing mapping capabilities in complex environments. Featuring modular configurations and proprietary SLAM-based LiDAR scanning technology, it allows for rapid collection of survey-grade data safely without a pilot. Its applications include mining, construction, geospatial surveying, and oil and gas, targeting markets in North America, Europe, and Asia-Pacific to serve a diverse clientele ranging from large enterprises to niche firms.Exyn Technologies generates revenue primarily through direct sales of its Nexys drone system and associated software solutions, ExynAI and ExynView. The company operates on a B2B model, focusing on sectors requiring precise mapping tools. Revenue comes from hardware sales and potential subscription models for software services. Specific pricing structures are established based on client needs, ensuring tailored solutions to meet operational demands.Looking ahead, Exyn Technologies plans to leverage its recent Series B funding of USD 25.00 mn to enhance its product offerings and expand its market presence. The funding will support the development of new products and improvements to existing systems. Additionally, the company aims to enter new geographic markets, specifically targeting expansions into Europe and Asia-Pacific by 2024. This growth strategy focuses on increasing its footprint in these regions, capitalizing on the demand for advanced drone technology.

## Funding rounds

- Series A, Jun 28, 2019, $16M — In-Q-Tel, Centricus, Yamaha Motor Ventures, Red & Blue Ventures, One Media iP Group Plc, Corecam Family Office

## Investors

- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series A
- Centricus (https://capitalatlas.ai/funds/centricus) — Series A
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series A
- Red & Blue Ventures (https://capitalatlas.ai/funds/red-blue-ventures) — Series A
- One Media iP Group Plc — Series A
- Corecam Family Office — Series A