Penn spinout Exyn Technologies has closed a $16m series A round backed by IP Group to accelerate the development of its AI software for drones.

Exyn Technologies, a US-based drone technology spinout of University of Pennsylvania (Penn), closed a $16m series A round on Friday backed by commercialisation firm IP Group, according to Technically Philly.
Investment firm Centricus led the round, which also featured Yamaha Motor Ventures, the corporate venturing arm of motorcycle manufacturer Yamaha Motor, and In-Q-Tel, the investment affiliate of the US intelligence community.
Red and Blue Ventures, a venture capital firm focused on the Penn ecosystem, and Corecam Family Office…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
email
Linked in