Wonder Robotics announces $4 million seed round led by Elron Ventures
Wonder Robotics, a startup that specialises in the autonomous flight and landing of commercial drones, has closed a $4 million fundraising round led by Elron Ventures, in conjunction with Besadno Investment Group.
The cash will be used to scale up operation and marketing efforts, while developing technology for additional applications.
“We are thrilled to take part in the drone revolution, by partnering with major industry players leveraging on our technology to launch their commercial multi-drone operations,” says Idan Shimon, Co-founder and CEO at Wonder Robotics.
“Since raising the seed round, we have partnered with Spright, Air Methods’ new drone division, helping it realise its mission to improve access to urgently needed medical supplies for healthcare providers.”
Wonder Robotics believe that its technology is ideal for commercial package delivery, infrastructure inspection, mapping, and advanced urban mobility for people (UAM).
It wants to expand that to include horizontal situational awareness for navigation, obstacle detection, avoidance, and safe precision landing in the case of denied GPS.
"Wonder Robotics' founding team are true industry experts and have the knowledge and technical expertise needed to enable a market waiting to take off, and establish WonderLand as an industry standard," says Lauren Duke, Vice President of Business Development at Elron Ventures.
"Our investment in Wonder Robotics is perfectly aligned to our strategy of investing in domains where we can provide added value, by leveraging on our strategic partnership with Rafael and its validation platform for deep tech ventures," adds Kobi Katz, Partner, and CTO at Elron Ventures and former VP and CIO at Rafael.
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