Belgian uncrewed traffic management (UTM) tech company Unifly has received a significant boost to its drone navigation development capabilities with a $10.5 million capital infusion from two Japanese investors, including one co-financed by the government.

The new funding will be used by the Antwerp-based Unifly to both extend its geographical area of operation and client list, and produce tailor-made UTM systems to safely integrate drone flights into broader airspaces customers oversee. Its new financial inflow follows earlier fund raising in 2015, shortly after the company’s launch, and a second jolt in 2019, bringing its total thus far to nearly $35 million.

“The investment strengthens Unifly’s position as the sustainable UTM partner for the future,” said company CEO Andres Van Sawlm. “It will enable us to pursue our vision of enabling autonomous aviation.”

Read more: Unifly announces new CEO to accelerate UTM technology 

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Source: dronedj.com