Scottish Equity Partners leads £1.25m investment in ‘flying robot’ surveying firm
Backing will drive global expansion for Livingston-based Cyberhawk
Remote aerial land surveying firm Cyberhawk today announced the completion of a £1.25m round of funding led by investment firm Scottish Equity Partners (SEP).
The investment also included backing from the Scottish Investment Bank, the investment arm of public body Scottish Enterprise.
Cyberhawk, based in Livingston, is known for its automated ‘flying robot’ service which conducts aerial inspections of industrial sites such as wind turbines and transmission towers.
Since launch five years ago the firm has enjoyed strong growth, becoming a market leader in its field and gaining international blue-chip clients such as ExxonMobil and Shell.
The SEP backing will be used to drive international growth, invest in product development and create new jobs at the firm.
Tony Robison of SEP, who led the £1.25m deal, 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.”