Skydweller Aero Inc. Raises $40M in Oversubscribed Series A Funding Round to Continue Rapid Technological Development to Meet Demand for Persistent Flight
Summary
OKLAHOMA CITY, Okla., Sept. 9, 2021 /PRNewswire/ -- Skydweller Aero Inc., a U.S.-Spanish aerospace company developing solar powered aircraft for defense and commercial industries, today announced it has raised $40 million in an oversubscribed Series A funding round. Skydweller will use Palantirs Foundry platform, which provides state-of-the-art analytics tools to process information at scale and on the edge, to rapidly fuse vast amounts of complex data. With this capital, Skydweller will continue to accelerate the development and maturation of its autonomous systems technology, to be applied during flight testing for current and prospective customers. The Series A raise builds on the companys recent momentum in which it announced its first public contract award with the U.S. Navys Naval Air Systems Comment (NAVAIR) for over $5 million to demonstrate the capabilities and performance of their zero-carbon emission solution for long endurance flight. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and nonprofit sectors transform the way they use their data.
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