SkyX, a Toronto, Canada-based aerial data solutions provider, received an investment from Drone Fund, an investment firm based in Tokyo that specializes in investing globally across the drone space, including aerial mobility, drone technologies and DaaS solutions.

This marks SkyX’s third capital raise since the company was founded in 2015.

The amount of the deal was not disclosed.

The company intends to use the funds for expansion into new markets in Asia, the Middle East and Africa and verticals beyond the energy sector.

Led by Didi Horn, Founder & CEO, SkyX provides a Data-as-a-Service (DaaS) solution which allows asset operators in the energy sector to capture high-quality aerial data to develop a predictive analytics model to effectively protect critical infrastructure. | To read full story, visit https://startuparound.com/read/1583357410.6998076/SkyX-Receives-Investment-from-Drone-Fund?ref=audio_experience