Ontario drone maker, Aeryon Labs, secures $60M in growth financing

Waterloo, Ont.—Aeryon Labs Inc., a company that’s gone from fledgling to global player in less than a decade, has taken the next step in its effort to dominate the skies.

Aeryon Labs drone in action
PHOTO: Aeryon Labs

The Waterloo, Ont.-based small unmanned aerial systems manufacturer has secured a $60 million investment from global growth equity firm, Summit Partners. The company said the influx of cash will help Aeryon pursue its ambitious vision for the drone market, allowing it to bring UAVs into mainstream use across the military, public safety and commercial markets.

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