Flytrex

company

About

Flytrex develops drone delivery systems that simplify deliveries and enhance efficiency by shortening delivery times and lowering costs.

  • 51 - 100

Details

Last Funding Type
Series C
Last Funding Money Raised
$40M
Industries
Delivery Service,Drones,Logistics,Robotics
Founded date
Nov 1, 2013
Number Of Employee
51 - 100
Operating Status
Active

Flytrex Aviation offers tailored, end-to-end drone delivery solutions based on its proprietary cloud technology. Its fastened delivery box guarantees your order is delivered just the way it was packed. Using its wire release mechanism, orders are gently lowered from eighty feet. This ensures a quiet and secure delivery.

They are part of the Federal Aviation Administration UAS Integration Pilot Program (FAA IPP) and have partnered with the North Carolina Department of Transportation to standardize backyard drone delivery. In addition, they have spent the last two years working with the Icelandic Transportation Authority (ICETRA) to advance the use of commercial drone deliveries in Reykjavik.

Amit Regev and Yariv Bash founded it on November 1, 2013, with its headquarters in Tel Aviv in Israel.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$40M
Flytrex has raised a total of $40M in funding over 2 rounds. Their latest funding was raised on Nov 19, 2021 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 19, 2021 Series C $40M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Flytrex is funded by 1 investors. OurCrowd are the most recent investors.
Investor Name Lead Investor Funding Round
OurCrowd Series C