Exyn Technologies Funding – DRONELIFE
by DRONELIFE Staff Writer Ian M. Crosby
Today, Exyn Technologies announced that it has closed $35 million in its Series B round. The round was led by Reliance Industries, a multinational corporation and India’s largest company headquartered in Mumbai. Leveraging its relationship with Reliance Industries will enable Exyn to enter the Indian market, expand into Latin America, Australia, and Africa and bring exposure to future endeavors.
“We are thrilled to have Reliance Industries backing Exyn,” said Exyn Technologies CEO Nader Elm. “With our mission of decreasing the number of injuries and fatalities in ‘physical’ industries gathering data in dangerous environments, having the support of a multinational company will accelerate Exyn’s impact and growth. With the extra funding, we hope to expand our worldwide footprint further to improve safety by keeping those in these dangerous fields around the world out…