Cyberhawk Attracts Investment in Facility Inspection Market
Cyberhawk Innovations, a remote aerial industrial inspection company, announced about a 1.9 million (£1.25 million) investment led by Scottish Equity Partners (SEP) along with the Scottish Investment Bank, the investment arm of Scottish Enterprise.
The funding will enable Livingston, U.K.-based Cyberhawk to accelerate its growth, create jobs and expand its products and services.
Over the last five years, Cyberhawk has established an industrial service that uses “flying robots” to conduct close visual and thermal inspections of industrial assets such as flares, utility transmission towers and wind turbines.
Cyberhawk also delivers aerial land surveying solutions in the oil and gas, utilities and renewable energy sectors.
Cyberhawk’s revolutionary products have attracted several blue chip international customers, including SSE, Shell, ExxonMobil, ConocoPhillips, Total, Centrica and Statoil. The new investment will enable Cyberhawk to further develop these relationships and allow it to broaden its range of technology led solutions into new markets and geographies.
“The new round of investment will enable Cyberhawk to invest in the people, technology and product development required to consolidate our leading position in the market and drive global growth,” said Craig Roberts, Cyberhawk’s CEO. “We anticipate that we will double our headcount in the next year and see further growth in subsequent years.”
Tony Robison, who led the deal for SEP, said: “The investment has come on the back of Cyberhawk establishing a growing demand for its inspection services and an impressive list of blue chip customers. The management team has a strong track record, a growing pipeline of opportunities and has built a trusted brand. It is operating in an exciting global market and SEP is pleased to be able to support the company’s growth plans.”