Fotokite secures fresh capital from the USA

Fotokite (Perspective Robotics AG) has raised gross proceeds of 13.7 million Swiss francs as part of a Series B financing round, further details of which can be found in a press release. This financing round was led by MSA Safety Incorporated (MSA), a global leader in the development of advanced safety solutions headquartered in Cranberry Township in the US State of Pennsylvania. Moreover, Swisscanto Invest, Credit Suisse Entrepreneur Capital and the Sony Innovation Fund were also involved in the financing round.

Fotokite, a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH), has developed a cable-operated drone that facilitates photo capture and video recording processes from the air. These recordings can also be streamed in real time. Among other aspects, Fotokite drones are intended for use in public safety applications. They can also provide support to fire brigades.

In parallel with the investment, MSA has also concluded a development partnership with Fotokite. “MSA has invested heavily in transformative solutions that enhance worker safety in all kinds of environments”, comments Nish Vartanian, President and CEO of MSA, before adding: “Without question, it will be exciting to see the innovations in safety that emerge from our work together”.

In the wake of the financing round, Fotokite also announced a change to its management team. In this context, Bart Slager, previously Chief Financial Officer at Fotokite, has been named as the company’s new CEO. Former CEO, Chris McCall, will take up a new role of Chief Corporate Development Officer from California that will see him lead development activities at the Zurich-based start-up.