Unifly Raises €10 Million from Terra Drone and Join
by DRONELIFE Staff Writer Ian M. Crosby
Unifly, a leading provider of Unmanned Traffic Management (UTM) systems, has announced the acquisition of €10 Million in funding contributed by Japanese industrial drone solution company Terra Drone and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN).
JOIN and Terra Drone are investing in Unifly in order to aid in the development of the company’s UTM system, which provides safe and efficient drone and aircraft flight management. This is JOIN’s first ever investment in the drone industry.
“Through its equity participation in Unifly, JOIN expects to contribute to the realization of safe and secure aircraft, airport and port operations and enhancement of drone operation management,” said JOIN President and CEO Tatsuhiko Takesada. “JOIN aims to support the expansion of the use of drones in a wide range of fields and…