Exyn
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Exyn - overview
Established
2014
Location
Philadelphia, PA, US
Primary Industry
Software
About
Exyn Technologies Inc. , based in the US, specializes in advanced drone technology, providing autonomous solutions that enhance data collection and mapping in complex environments across various industries. Founded in 2014 in Philadelphia, US, Exyn Technologies Inc. develops autonomous drone systems for industrial applications.
The company has undergone a growth strategy focused on enhancing its product offerings. Its latest funding round was a Series B, led by Reliance Industries Limited, raising USD 35 million, bringing the total amount raised to USD 25. 00 mn with a current valuation of USD 120. 94 mn.
The company has closed six deals, with the most recent on December 22, 2022. The founders, Nader Elm and Vijay Kumar, have backgrounds in innovative technology and entrepreneurship. Exyn Technologies specializes in advanced industrial drone technology, with its flagship product being the Nexys autonomous drone system. Nexys captures accurate, real-time 3D colorized point clouds, significantly enhancing mapping capabilities in complex environments.
Featuring modular configurations and proprietary SLAM-based LiDAR scanning technology, it allows for rapid collection of survey-grade data safely without a pilot. Its applications include mining, construction, geospatial surveying, and oil and gas, targeting markets in North America, Europe, and Asia-Pacific to serve a diverse clientele ranging from large enterprises to niche firms. Exyn Technologies generates revenue primarily through direct sales of its Nexys drone system and associated software solutions, ExynAI and ExynView. The company operates on a B2B model, focusing on sectors requiring precise mapping tools.
Revenue comes from hardware sales and potential subscription models for software services. Specific pricing structures are established based on client needs, ensuring tailored solutions to meet operational demands. In May 2026, Exyn raised USD 19. 4 million in an IPO, selling 2.
5 million shares at USD 7. 75 per share, on the Nasdaq Capital Market under the ticker symbol "EXYN". Exyn Technologies Inc. has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of common stock as part of the listing.
Current Investors
In-Q-Tel, Centricus, Yamaha Motor Ventures
Primary Industry
Software
Sub Industries
Hardware, Application Integration Software, Engineering Software, Scientific Software
Website
www.exyn.com
Verticals
Artificial Intelligence, Artificial Intelligence, Augmented Reality (AR), Robotics
Company Stage
Mature
Total Amount Raised
Subscriber access only
Exyn - employee data
Exyn - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM |
BM Board Member
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