Exyn Technologies Secures $35 Million in Series B Funding

by Kay Aloha Villamor in December 26th, 2022

Exyn Technologies, a Philadelphia, PA-based pioneer in multi-platform robotic autonomy for complex, GPS-denied environments, has announced a $35 million Series B round. The investment came from previous investors as well as new investors, including Reliance Industries.

Exyn will utilize this investment to break into the Indian market and further expand their global footprint into Latin America, Australia, and Africa and bring exposure into their future business verticals.

“With our mission of decreasing the amount of injuries and fatalities in ‘physical’ industries gathering data in dangerous environments, having this investment will accelerate Exyn’s impact and growth. With this new capital, we will further expand our worldwide footprint to dramatically improve safety for those working in dangerous environments around the world and keeping them out of harm’s way,” commented Nader Elm, CEO of Exyn Technologies. 

Exyn was recognized by the Inc 5000 awards as #177 among America’s fastest-growing companies. The company has also been awarded 1st place at the AUVSI Xcellence Awards.

Company: Exyn Technologies Inc.

Raised: $35.0M

Round: Series B

Funding Month: December 2022

Lead Investors: 

Additional Investors: Reliance Industries

Company Website: https://www.exyn.com/

Software Category: Multi-platform Robotic Autonomy

About the Company: Exyn Technologies is pioneering multi-platform robotic autonomy for complex, GPS-denied environments. The company’s full-stack solution enables flexible deployment of single or multi-robots that can intelligently navigate and dynamically adapt to complex environments in real time. For the first time, industries like mining, logistics, and construction can benefit from a single, integrated solution to capture critical and time-sensitive data in a safer, more affordable, and more efficient way. Exyn is powered by a team of experts in autonomous systems, robotics, and industrial engineering, and is a spin-out of the University of Pennsylvania's world-renowned GRASP Laboratory. 

Source: https://www.exyn.com/news/exyn-secures-35m-series-b-funding?hsLang=en

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