Squadrone System, the company behind the HEXO+ autonomous unmanned aerial vehicle (UAV), has received an investment of $3 million from Living Water Investment Corp.
To date, Squadrone System has secured investments totaling $5 million for the aircraft, which the company calls the first autonomous flying camera.
The funding will allow Squadrone System to finance the industrial development of the HEXO+ product and execute on its roadmap, build out teams across Europe and the U.S., and roll out a comprehensive product-marketing strategy that will extend the product line to a broader spectrum of consumers.
Squadrone System was founded last year by Antoine Level, Sylvain Montreuil, Christophe Baillon, Xavier De Le Rue, Matthieu Giraud and Medhi Mugnier – a team with more than 20 years’ experience in movie production and critical flight navigation.
With a goal of creating the best way to capture bird's-eye-view shots with an autonomous filming drone and a simple smartphone app, the company created HEXO+. After closing out a Kickstarter campaign in July 2014, HEXO+ raised $1.3 million from 2,300 backers. The company was initially financed by Startup Maker, a French accelerator based in Grenoble.
French banks Caisse d'Epargne Rhône Alpes, Banque Populaire des Alpes and Bpifrance will continue their financial support.
‘We are excited to announce funding that will allow us to bring a revolutionary way of using your camera to the consumer market – the first-ever autonomous flying camera, offering aerial images that were previously only accessible through helicopter or piloted drone,” says Antoine Level, CEO of Squadrone System.
The HEXO+ is currently available for pre-order at $1,349. Feature specs include the following:
- Completely autonomous flight;
- Intuitive camera movement control via smartphone (iOS and Android);
- 3D gimbal for maximum image stabilization;
- Removable feet, propellers and gimbal for easy transport;
- Flight speed up to 45 mph / 70 km/h; and
- Compatibility with GoPro 4k cameras or 360cam.