Cyberhawk Innovations land £1.25m investment

Cyberhawk Innovations has announced a £1.25m investment led by Scottish Equity Partners (SEP) along with the Scottish Investment Bank, the investment arm of Scottish Enterprise.

The funding will enable Livingston-based Cyberhawk to accelerate its growth, create jobs and expand its products and services in the Remotely Operated Aerial Vehicle (ROAV) inspection market.

Cyberhawk says it has established an industrial service that uses ROAVs to conduct close visual and thermal inspections of industrial assets such as flares, utility transmission towers and wind turbines.

Cyberhawk also delivers aerial land surveying solutions in oil and gas, utilities and renewable energy sectors.

Unlike traditional inspection methods using rope access or helicopters, Cyberhawk claims it’s approach means that high value energy infrastructure can be kept operational during inspection.

The business initially attracted investment from SSE and now venture capital and growth equity investor, SEP. Cyberhawk’s products have attracted several blue chip international customers, including SSE, Shell, ExxonMobil, ConocoPhillips, Total, Centrica and Statoil.

The new investment will enable Cyberhawk to further develop these relationships and allow it to broaden its range of technology led solutions into new markets and geographies.