Kuang-Chi invests $5 million in SkyX, a maker of drones to monitor oil and gas pipelines
Shenzhen-based Kuang-Chi Group is investing $5 million in SkyX Systems Corp., according to the drone tech startup’s founder and CEO Didi Horn. A former fighter pilot with the Israeli Air Force, Horn started SkyX in 2015 to help public and private companies monitor energy infrastructure from on high, using increasingly powerful drones and big data analytics. Read More Continue reading Kuang-Chi invests $5 million in SkyX, a maker of drones to monitor oil and gas pipelines
A Markham, Ontario startup called SkyX Ltd. emerged from stealth today to share details about its unique industrial drone designs with TechCrunch. The company’s SkyOne drones take off and land like a helicopter, but fly more like an airplane, with a range of over 25 miles (40 km) per charge. For drone industry nerds, this means they have both VTOL and fixed-wing elements. A range…