Squadrone System, the Palo Alto, CA-based company behind autonomous flying camera, HEXO+, secured an investment of $3m from Living Water Investment Corp.
The funding, which brought total investment amount to date to $5m, will allow the company to finance the industrial development of the HEXO+ product and execute on its roadmap, build out teams across Europe and the US, and roll out a comprehensive product marketing strategy that will extend the product line to a broader spectrum of consumers.
Founded in 2014 by Antoine Level, Sylvain Montreuil, Christophe Baillon, Xavier De Le Rue, Matthieu Giraud and Medhi Mugnier, Squadrone System is the company behind HEXO+, an autonomous filming drone that lets users create, capture, and share cinematic aerial images via a self-flying camera operated by a smartphone app which contains a vast library of cinematic camera movements.
The company had closed out a Kickstarter campaign in July 2014, raising $1.3M from 2,300 backers.
FinSMEs
24/06/2015