Altitude Angel secures GBP4 million funding from Octopus Venture for UTM development and deployment

Altitude Angel reports GBP4 million (USD5.3 million) investment by Octopus Ventures, bringing the total invested in the UK company by Octopus and Seraphim Capital in 2020 to GPB7.05 million (USD9.4 million).

The investment will allow Altitude Angel to expand development and deployment of local and national UTM platforms, allowing it to further expand its international presence and in doing so, accelerate the safe and secure use of drones in skies across the globe. Following the opening of its Dutch HQ in September, the company will be opening offices local to its international partners in addition to increasing its presence in markets promoting UTM growth through H1 2021.

Octopus Ventures’ Zoë Chambers will join the Altitude Angel board, which is chaired by former Microsoft executive Pieter Knook.

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