UAE-Based Flyby Emerges from Stealth to Raise $1 Million Seed Round for Breakthrough Smart Delivery Box
Summary
Flyby, a Dubai-based smart delivery box and mobile digital out-of-home (OOH) advertising company, has announced the closing of a $1 million seed round.DUBAI, UNITED ARAB EMIRATES, January 13, 2023 /EINPresswire.com/ -- Flyby, a Dubai-based smart delivery box and mobile digital out-of-home (OOH) advertising company, has announced the closing of a $1 million seed round. The seed round - closed at an undisclosed valuation - is being deployed to roll out a series of smart delivery boxes across Dubai with one of the regions leading fleet providers.Hesham Hannah-Shmouni, Managing Partner of FHS Capital, stated: Were excited about Flyby ushering in an entirely new category of mobile digital OOH advertising. The highly intuitive cloud-based user interface can secure per-minute advertising, scaling from a single bike up to a potential fleet of thousands, adding location-based advertising with geo-fencing capability.With the MENA digital out-of-home (DOOH) market expected to grow at a forecast CAGR of 17.5% to $54 billion by 2026, Flyby chose the Emirate of Dubai as its global entry point. For customers, Flyby reveals one of its biggest tricks in a post-pandemic age - an embedded UV lighting system that sanitizes the contents of the box in every delivery, as well as giving customers the ability to precisely track the location of their orders.Flybys smart delivery box contains a series of embedded sensors, with live telemetry data including GPS position, speed, acceleration and tilt allowing the measuring and monitoring of driver behaviour. With a compliance-led approach, Flyby is working closely with industry regulators to ensure compliance with relevant safety and data standards and guidelines.Flyby has courted interest from a number of leading advertising agencies, fleet providers and restaurant groups.