This Drone Startup Raised $16M in Series A Funding

Grays Ferry-based drone startup Exyn Technologies just closed on its Series A funding round, raising $16 million that the company said will go toward expanding its global reach and accelerating its technology development.

Exyn Technologies, a spinout of Penn’s GRASP Lab, uses drones and ground-based robots to collect data from places where maps and GPS don’t exist.

Last year, the team sent a drone down to scour the walls of a Latin American mine so they could build 3D models of the mine’s structure and spot possible safety risks using the company’s exynAI software.

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