TECHIIA holding invests in Culver Aviation, Ukraine’s UAV pioneer getting ready to go global

Now under the wing of TECHIIA’s VRTX Venture Lab, UAV developer Culver Aviation is ready to conquer the global market.

TECHIIA, an international holding operating across multiple sectors including esports, IT products, IT services and the construction of infrastructure facilities, has made a key investment in Culver Aviation, a technology company that provides fast data collection from the surface using unmanned aviation vehicles (UAVs) which, together with their analytics, allow for better decision making across a number of industries, notably agriculture.

Culver Aviation has been operating on the Ukrainian market since 2014 under the ITEC brand.

Culver has its own UAV fleet of several modifications, produced and serviced by the company as well as a team of pilots working all over the country. The company also has a research and development centre for the development and implementation of innovations in the fields of UAVs, cartography, and precision agriculture.

The company’s technology provides its users with photos of the earth with detail up to two centimetres per pixel – far better than the resolution offered by satellite images.

“ITEC is, first of all, about engineering development that allows us to create the best drones in Ukraine,” says Oleksandr Danylenko, founder of ITEC and Culver Aviation CEO. “And TECHIIA holding has large technology expertise, experience in creating successful IT products and conquering the global market. Together, we have teamed up to provide unique UAV-based technology services.”

Services in demand far beyond Ukraine

Yura Lazebnikov, the managing partner of TECHIIA holding, adds: “Our investment principle is to find a strong, promising company and help it become a market leader with our expertise and resources. Oleksandr Danylenko has eight years of experience in creating UAVs, his team manufactures unique aircraft, which with the help of TECHIIA will provide technology-based services that will be in demand far beyond Ukraine.”

Culver Aviation is the largest company to become part of TECHIIA’s VRTX Venture Lab, its in-house venture studio which discovers and grows new businesses.

“We vet every company that enters our venture studio,” says Oleksandr Davydenko, VRTX Venture Lab’s managing director. “Because the very idea, no matter how promising it may seem, is not enough. A strategic vision, the ability to manage a team and work with partners are crucial. Culver Aviation has it all, as well as a modern product that is in great demand in the market. This is a complex project that combines, on top of everything, hardware and software solutions. Moreover, it has great ambitions, and such ambitious projects are second to none.”

Culver Aviation provides its partners with geoinformatics and remote sensing, 3D maps and terrain map creation, visual and NDVI field maps, and support for government agencies in emergency situations.

The company’s services are particularly useful in agriculture, forestry, land management, geology and mining, as well as for civil defence, protection of the population and territories against emergency.

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