Autonomous Drone start-up, Flare Bright Ltd closes initial investment round | Oxford Innovation Finance
Summary
This secures the funding for Flare Bright through to 2022 and is complemented with other UK Government grants through its Future Flight competition and contracts, including an MOD Defence and Security Accelerator Rapid Impact award.Flare Brights Board now consists of Dominic Keen, the CEO of Britbots, who is currently Chairing the Board and Scott Carnegie from Highland VC who joins as a non-executive director. The two co-founders, Kelvin Hamilton (CEO) and Conrad Rider (CTO), together with Chief Commercial Officer Chris Daniels, complete the Board.CEO Kelvin Hamilton says, were delighted to have such a quality and committed group of investors join the company and help us rapidly scale up and deliver on our cutting-edge technology.Experienced Venture Capitalist and Flare Brights new NED, Scott Carnegie adds, When Flare Bright pitched to Highland VC we immediately recognised its potential and our investment committee were unanimous in backing this company. It has grown to twelve staff who are driving the technological boundaries of autonomy in drones.Flare Bright is a rapidly growing aerospace company which specialises in its UAS product: SnapShot, designed to be the lightest and simplest way to get aerial images at the single press of a button. This is part of a wider InnovateUK project to create live wind maps of urban, industrial and other difficult environments. It is developing a precision air-dropped drone for delivering small items such as medicines, vaccines or critical parts to remote places cheaply and efficiently.Flare Bright is increasing the endurance, controllability and capability of small drones, and will be introducing thermal imagery into its range soon.