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FlyWorks

FlyWorks

Private
IsraelFrontier & Industrial Techhttps://www.fly-works.com/

Last Round

Grant

Jul 10, 2023

Total Funding Raised

$1.85M

Company Overview

FlyWorks is an aerospace company that has developed a patented hybrid propulsion technology for multi-rotor drones, combining a petrol engine for endurance with an electric drive system for maneuverability.

Sector

Frontier & Industrial Tech

Verticals

Drones & UAVs, Aviation & Drones, Defense Tech

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting

AI Layer

Non-AI

Keywords

hybrid propulsionunmanned aerial systemsUASdronelong-endurance droneheavy-lift dronemultirotordefense techindustrial dronedrone hardwaregas-electric dronecommercial droneaerospace engineeringdrone inspectionprecision agriculture

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FlyWorks Comps

Public and private peers based on sector, stage, and business model.

FlyWorks comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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FlyWorks Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
GrantJul 10, 2023
GrantJun 14, 2022
AcceleratorJul 27, 2020
AcceleratorJul 1, 2019
GrantMay 1, 2018
Grant
Jan 1, 2017

Key People

Founding team and executive leadership

Gad Peleg

Founder CEO

Founding Team

Rei Avishai

Chief Technology Officer

Executive Team

FlyWorks Investors

Notable investors and investment history

FlyWorks investors
InvestorRounds
OpImpactAccelerator
Incubit Technology VenturesAccelerator
Israel Innovation AuthorityGrant
Israel Innovation AuthorityGrant
BIRD FoundationGrant
MassChallengeAccelerator

FlyWorks Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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FlyWorks Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersIsrael
Employee Range4
Year Founded2017
Last FundingJul 10, 2023

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