Exyn Technologies, founded by Dr. Vijay Kumar, raises $6.8m in partnership with Uniformity Labs

In news released today by Marketwired, IP Group announced that its first two portfolio companies from US university partners Exyn Technologies and Uniformity Labs have raised a combined $6.8 in new financing rounds.

Exyn Technologies is a spin-out from the University of Pennsylvania and was founded by Dr. Vijay Kumar, the Nemirovsky Family Dean of Penn Engineering and a Terraswarm Principal Investigator. The company develops fully autonomous aerial robot systems with multi-modal sensing capabilities to enable robust and reliable applications in the commercial market.

IP Group has committed another $3.7m to the two US companies following completion of the financing rounds which included both new and existing US and UK based investors. The Exyn transaction closed in 2017.


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