Flasheye acquires data capturing company FieldRobotiX
Our portfolio company Flasheye, enabling smarter and safer industries through 3D lidar technology, has acquired data capturing company FieldRobotiX. The acquisition and merger of the two companies will strengthen Flasheye’s skilled team with strong technical and innovative competence, enabling Flasheye to keep up their high speed of growth and meet the great interest in their…
”Flasheye works with state-of-the-art technology which will change the world when we can access ground-truth 3D data in real-time and cost-efficient. Within some years, 3D lidar technology will be everywhere in society, sites, cities, and cars. The latest generation of lidar sensors has dropped in price thanks to the automotive industry, and the price is expected to drop even more. This enables ground-breaking mass installations, and the capacity increases all the time. The sensors are developed to be the eyes of the future’s autonomous cars, but Flasheye uses them already today installed on walls, ceilings, and pillars.” says Ulf Lindström, CEO and founder of Flasheye.
The idea behind FieldRobotiX was born in 2011, as a research project at Luleå University of Technology focusing on autonomy. Over the years, they have worked closely with people from LKAB and NASA, giving us valuable experience and insights to develop fully autonomous drones for safe inspections. FieldRobotiX uses the same technology, 3d lidar, to inspect and map areas that people cannot access.
Before the acquisition, a development collaboration was initiated, to co-develop functions that could be useful for both companies. Flasheye’s products are soon to be launched, and the interest in the solutions has been larger than the capacity to deliver. Therefore, the acquisition is significantly improving the capacity to manage critical customer projects and R&D activities. The two companies have already worked closely in Mobilaris Innovation Center for a few months, meaning the onboarding and integration have already started with good results.
“The merger of our companies ensures that our customers will get the best of two worlds connected together – market-driven directions from the Flasheye together with the research background of FieldRobotiX.” says Dariusz Kominiak, CEO and co-founder of FieldRobotiX.
Mobilaris Evolve as an active owner
FlashEye is backed by Mobilaris Evolve as an active investor, who has supported both FlashEye and FieldRobotiX through the acquisition process.
“We’re proud to take part in the accelerated journey of FlashEye. Their business is growing rapidly with a strong interest from the market confirming the need for their smart industrial solutions. To keep the market momentum, FlashEye’s talented team quickly needs to grow and we found the perfect match with the competence in FieldRobotiX.” says Mikael Nyström, Senior Advisor at Mobilaris Evolve.
“This is what our active ownership is all about, supporting our portfolio companies to overcome the challenges of scaling and actively contributing with our experience and advice in the process.” continues Mikael Nyström.
Mikael Nyström, Senior Advisor
Phone: +46 70 524 65 86