FuVeX raises €3M to scale dual-use drone technology across Europe
Spanishdrone technology company FuVeX has raised €3 million in an oversubscribedfunding round to accelerate its commercial and international expansion andstrengthen its position in the European dual-u... FuVeX has secured new funding to expand its dual-use drone technology, accelerate international growth, and strengthen AI-powered solutions for critical infrastructure inspection, security and defence applications across Europe and Latin America.
Key Takeaways
- Spacetech FuVeX raises €3M to scale dual-use drone technology across Europe FuVeX has secured new funding to expand its dual-use drone technology, accelerate international growth, and strengthen AI-powered solutions for critical infrastructure inspection, security and defence applications across Europe and Latin America.
- Founded in 2013 by Carlos Matilla , FuVeX develops, manufactures and operates long-range drones for civil and defence applications.
Its proprietary technology combines unmanned aircraft, operational systems and artificial intelligence-powered analytics to automate the inspection and monitoring of critical infrastructure.
- FuVeX aims to inspect 70% of Spain's electricity distribution network by 2027 while expanding into agriculture, oil and gas, and other critical infrastructure sectors across Europe and Latin America.
Alongside the private investment, the company has secured €400,000 in public funding from Spain's Centre for the Development of Industrial Technology (CDTI) to support a defence research and development project.
- This allows us to provide a comprehensive solution while reducing dependence on foreign technology, he added.
The funding will be used to expand the company's commercial and defence operations, strengthen its technology, industrial and commercial teams, increase manufacturing and operational capacity, and accelerate international growth.
- What would you like us to deliver to you?
Stats & Key Facts
- #Spanishdrone technology company FuVeX has raised €3 million in an oversubscribedfunding round to accelerate its commercial and international expansion andstrengthen its position in the European dual-u...
- #Tamara Djurickovic 8 hours ago Share Share Send email Copy link Spanish drone technology company FuVeX has raised €3 million in an oversubscribed funding round to accelerate its commercial and international expansion and strengthen its position in the European dual-use drone market.
- #Designed as a dual-use platform, FuVeX's technology serves both commercial and defence customers, enabling beyond visual line of sight (BVLOS) operations of up to 10 kilometres while reducing inspection times, operating costs and workers' exposure to hazardous environments.
- #FuVeX aims to inspect 70% of Spain's electricity distribution network by 2027 while expanding into agriculture, oil and gas, and other critical infrastructure sectors across Europe and Latin America.
FuVeX has secured new funding to expand its dual-use drone technology, accelerate international growth, and strengthen AI-powered solutions for critical infrastructure inspection, security and defence applications across Europe and Latin America. Spacetech FuVeX raises €3M to scale dual-use drone technology across Europe FuVeX has secured new funding to expand its dual-use drone technology, accelerate international growth, and strengthen AI-powered solutions for critical infrastructure inspection, security and defence applications across Europe and Latin America. Tamara Djurickovic 8 hours ago Share Share Send email Copy link Spanish drone technology company FuVeX has raised €3 million in an oversubscribed funding round to accelerate its commercial and international expansion and strengthen its position in the European dual-use drone market.
The round included participation from SODENA , SEGO Venture , Izertis Ventures , and several family offices linked to the industrial, agricultural and innovation sectors. The company has also secured funding commitments for future financing rounds. Founded in 2013 by Carlos Matilla , FuVeX develops, manufactures and operates long-range drones for civil and defence applications.
Its proprietary technology combines unmanned aircraft, operational systems and artificial intelligence-powered analytics to automate the inspection and monitoring of critical infrastructure. Designed as a dual-use platform, FuVeX's technology serves both commercial and defence customers, enabling beyond visual line of sight (BVLOS) operations of up to 10 kilometres while reducing inspection times, operating costs and workers' exposure to hazardous environments. The company has established a strong presence in the energy sector, having inspected more than 36,000 kilometres of power lines through contracts with UFD, Naturgy's electricity distributor, and Endesa.
For more details please read the original article at Tech.eu.
Why It Matters for Business
Real business deployments are the most reliable signal of where AI is generating measurable ROI. Watching which sectors operationalize AI, what they pay for it, and how it changes their P&L tells you more than any vendor demo. These case studies are what serious buyers and investors triangulate on.
Continue Learning
Comments
Sign in to join the conversation