Tinamu Labs has secured funding of 1.1 million francs in a financing round. The round was led by Alpana Ventures. Other investors include Spicehaus Partners, DAA Capital Partners and “four highly relevant and well connected private investors”, as was revealed in a press release. The spin-off from the Swiss Federal Institute of Technology in Zurich (ETH) will reportedly be using these funds to hire “additional world-class talent to further accelerate the company’s growth and deliver on Tinamu’s promise of safe, reliable and consistent data acquisition and analysis”.
The startup has set its sights on North America in its expansion plans. It is therefore of particular benefit that the investor and Silicon Valley serial entrepreneur Alex Fries, founder of Playspan and Svox, is joining the board of directors. “With his entrepreneurial experience and dense industry network, Alex Fries will support Tinamu entering the US market,” explains the press release.
In achieving this aim, the current pandemic might serve as a catalyst. “The global lockdown due to COVID-19 made companies think about novel solutions for remote sensing. With our vision of an automated inspection system we present a completely new way to solve this problem,” said Tobias Nägeli, co-founder and CEO of Tinamu Labs.
Founded in 2018, the startup has invented a drone based automated end-to-end inspection solution based on the company’s patented technology. The system works independently from GPS in challenging environments. It automatically collects data, analyzes it on a cloud and sends the relevant information directly to the customer.