Tinamu Labs raised CHF 1.1 million in a seed round led by Alpana Ventures.
Tinamu Labs, a Zurich, Switzerland-based drone startup, announced securing CHF 1.1M ($1.2M) capital investment round.
The funding was led by Alpana Ventures and included contributions from Spicehaus Partners, DAA Capital Partners and undisclosed angel investors from Switzerland. As part of the financing round, the Silicon Valley serial entrepreneur Alex Fries, founder of Playspan and Svox, is joining the board of directors.
The money will be used to hire more people ane expand the business.
Tinamu Labs, founded in 2018 as a spin-off from the Swiss Federal Institute of Technology Zurich (ETH Zurich) by David Lanter, Daniel Meier, Samuel Oberholzer, and Tobias Nägeli (CEO), built an environment-independent, drone-based, end-to-end data acquisition platform, namely a flying multi-camera system that is combining multiple drones into one single virtual camera, multi-camera productions, mobile lighting, AR solutions.
The system can work independently from GPS in challenging environments and can work in business cases for image and data gathering in new markets such as film production, sports broadcasting, indoor inspection and warehouse management.