Sydney NSW, 23rd May 2022 – Australian drone technology company, Aerologix, has completed a $4.2 million funding round led by Ellerston Capital and Lindsay Phillips’ Nightingale Partners who followed on from their earlier pre-seed funding round.
Aerologix will use the capital to invest in additional research and development, bolstering its commercial team and supporting the company’s expansion internationally.
Co-founder Tom Caska said, “We’re thrilled to be backed by Ellerston Capital and to receive a second round of support from Nightingale. It’s further validation of our vision and commercial viability. We’re excited to expand here at home and offshore in Asia and Europe in the near future.”
Aerologix was co-founded in 2019 by ex-airline pilot Tom Caska and former technology consultant Rakesh Routhu who met while undertaking their MBAs. Dubbed the “Uber for drones”, the platform connects drone pilots with enterprises or individuals that need drone imaging. Capabilities include high quality aerial panoramas, video tours of properties and detailed analytics of large-scale construction projects. The platform aims to improve sustainability and efficiency for clients and provide a seamless flight experience for the pilot.
In recent years, the company has thrown a career lifeline to airline pilots that have been stood down or had their flying hours reduced due to the pandemic. In the past year, Aerologix has grown its network of pilots from 500 to more than 10,000 across Australia.
Ellerston’s Stuart Robertson said “Aerologix benefits from being a key technology platform that enables drone pilots to complete complex data captures for organisations that have significant infrastructure.”
“We are pleased to support Aerologix’s accelerated growth ambitions in Australia and globally.”
Aerologix was also recently onboarded into the Civil Aviation Safety Authority (CASA) “digital sky platform”, allowing pilots to utilise its Remotely Piloted Aircraft Systems (RPAS) network providing access to RPA-related advisories, rules and regulatory information, weather updates and location-based information with easy to use maps showing where pilots can and can’t fly.
It is the first Australian drone tech company with both iOS and Android apps approved and integrated with the CASA digital sky platform.
Aerologix has also received funding from the University of NSW’s 10x Accelerator program.