senseFly eyes growth after balance sheet restructure

By on 12 February, 2020

Parrot has cast a big vote of confidence in favour of its fixed-wing drone outfit senseFly by recapitalising its subsidiary’s balance sheet in order to help it focus on growth.

The financial backing comes at a particularly meaningful time for senseFly as it celebrates its 10th anniversary this year.

In a release, senseFly says the 10-year milestone marks a shift from it being a promising start-up that pushed the boundaries of remote mapping to leading manufacturer of professional fixed-wing drones used by some of the world’s largest organizations, including Trimble and Microsoft.

According to the company, the benefit of zero debt and a sound balance sheet also allows the fixed-wing leader to place greater emphasis on the technological innovations that matter most to its customers and that will drive the company, and drone industry forward.

“senseFly is demonstrating a rare drone industry success story, transitioning from start-up to a mature, self-funded, successful business,” said Gilles Labossière, CEO of senseFly. “Parrot’s long-term backing, thanks to senseFly important milestones and strategic focus, provides us with greater organizational efficiency and helps continue our upward trajectory as we enter into the next phase of our growth and expansion.”

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