SiFly Aviation Soars With $20 Million Series A

<p><strong><span class&equals;"legendSpanClass">SANTA CLARA<&sol;span><&sol;strong> &&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;edge&period;prnewswire&period;com&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4759514-1&amp&semi;h&equals;747727511&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fsifly&period;co&percnt;2Findex&period;html&amp&semi;a&equals;SiFly&plus;Aviation" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">SiFly Aviation<&sol;a> has announced a &dollar;20 million Series A financing led by Shield Capital with participation from Qudit&comma; BBK Capital&comma; and Alumni Ventures&comma; among others&period; The funding will accelerate production and customer deliveries of <a href&equals;"https&colon;&sol;&sol;edge&period;prnewswire&period;com&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4759514-1&amp&semi;h&equals;1322896643&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fsifly&period;co&percnt;2Fq12&period;html&amp&semi;a&equals;SiFly&percnt;27s&plus;Q12" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">SiFly&&num;8217&semi;s Q12<&sol;a> long-endurance electric aircraft and advance development and field validation of its <a href&equals;"https&colon;&sol;&sol;edge&period;prnewswire&period;com&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4759514-1&amp&semi;h&equals;2713325625&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fsifly&period;co&percnt;2Fdroneport&period;html&amp&semi;a&equals;DronePort" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">DronePort<&sol;a> multi-drone infrastructure system&period;<&sol;p>&NewLine;<p>SiFly has validated the Q12&&num;8217&semi;s performance through thousands of flights and hundreds of hours of testing&period; The aircraft flies 4x longer and up to 10x farther than leading enterprise drones while carrying payloads of up to 10 pounds&period; This performance includes a flight of 3 hours&comma; 11 minutes and 54 seconds&comma; earning SiFly the Guinness World Record for the longest flight by an electric multirotor aircraft in its weight class&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Most multirotor drones were designed for short flights close to the operator&period; We built the Q12 to combine the agility&comma; precision hover and vertical takeoff and landing of a multirotor drone with the efficiency&comma; range and speed of a fixed wing aircraft&comma;&&num;8221&semi; said Brian Hinman&comma; Founder &amp&semi; CEO of SiFly&period; &&num;8220&semi;This financing allows us to scale production&comma; fulfill our growing backlog and support successful customer deployments&period;&&num;8221&semi;<&sol;p>&NewLine;<p>SiFly is targeting markets where greater endurance can directly improve operating performance and economics&period; For public safety agencies&comma; the Q12 expands response coverage and time on station and&comma; when paired with DronePort&comma; supports more capable Drone-as-First-Responder operations&period; Utilities and infrastructure operators can inspect more miles per flight&comma; while agricultural customers can map and analyze more acres with fewer aircraft&comma; launches and operators&period;<&sol;p>&NewLine;<p>&&num;8220&semi;For drone operators&comma; greater endurance translates into faster response&comma; broader coverage and lower cost per mission&comma;&&num;8221&semi; said Ray Rothrock of Shield Capital&period; &&num;8220&semi;SiFly is positioned to redefine how drones are used across mission-critical applications—including public safety&comma; critical infrastructure and agriculture—where value is directly tied to the productive work each aircraft can deliver&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The financing comes as geopolitical competition and supply-chain concerns are increasing demand for high-performance drones designed and manufactured in the United States&period; Commercial operators and public agencies are seeking trusted domestic alternatives that deliver greater capability at economics that support widespread deployment&period; SiFly is building that alternative by combining record-setting aircraft performance&comma; scalable U&period;S&period; manufacturing and a price point designed for real-world operations&period;<&sol;p>&NewLine;<p>SiFly will use the funding to scale Q12 production&comma; expand its manufacturing and supply-chain capabilities&comma; and support initial customer deliveries and deployments&period; The investment will also advance DronePort development and field validation while expanding the go-to-market&comma; customer-operations and regulatory capabilities required for broader adoption&period;<&sol;p>&NewLine;