Louisiana-based technology company, FlyGuys, has successfully completed its Series A funding round, raising $10 million. The funding is expected to support the development of scalable software solutions and expand the firm’s influence across the nation.
Prominent investors led the round, including Mitchell Capital and Advantage Capital, both of whom have previously invested in FlyGuys. Their renewed investment signifies strong confidence in FlyGuys' software-as-a-service platform that bridges data-seekers with data providers.
J.P. Lynch, Vice President at Advantage Capital, commented on their continued association with FlyGuys, highlighting the company's growth and potential. Paul Tyree, CEO of Mitchell Capital, praised FlyGuys' management team for their vision and value delivery to clients.
FlyGuys' CEO, Joe Stough, discussed the company's transition over the past year towards building a national online marketplace for reality data capture. The newly acquired funds will be used to bolster community engagement, advance software scalability, and enhance their nationwide presence. Specifically, the company aims to provide job opportunities, develop a robust software platform for data-seekers, and extend their reach across multiple industries.
FlyGuys has consistently grown in the reality capture sector, striving for innovation and setting standards in the industry. This funding will further assist the company in promoting advanced data capture technology across various domains.
FlyGuys focus is on empowering firms with quality data to streamline operations and decision-making.
Advantage Capital, an investment firm, specializes in funding companies in areas typically overlooked by conventional capital sources. Since its inception in 1992, Advantage Capital has invested over $4.1 billion across diverse sectors, supporting over 67,000 jobs.