
Angel Swing
A cloud/web-based drone data platform that reconstructs physical job sites into the digital world with drone-captured imagery solving various problems in both industry and society with innovative technology.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
N/A | Series A | ||
Total Funding | 000k |
USD | 2021 | 2022 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 48 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Angel Swing, founded in 2016, provides a drone-based data platform to enhance safety and operational efficiency, primarily targeting the architecture, engineering, and construction (AEC) industry. The company's inception traces back to founder and CEO Peter Park's (Won-nyeong Park) experience as an aerospace engineering student. Deeply affected by the aftermath of the 2015 Nepal earthquake, he utilized drones to map the devastated areas, providing crucial data for recovery efforts and laying the foundation for Angel Swing's mission. This social-impact-driven philosophy remains at the core of the business, which believes in tackling societal issues through its core model.
Headquartered in Seoul, South Korea, Angel Swing is led by CEO Peter Park, who guides the company's vision to revolutionize the AEC industry, and CSO Jisun Lee, who focuses on strategic initiatives. The firm has developed a digital twin platform that transforms physical job sites into virtual models using drone-captured imagery. This platform serves clients by offering solutions for real-time data monitoring, progress tracking, field virtualization, safety management, and earthwork volume measurement. The company's business model is centered on its cloud-based software, generating revenue through services like the Drone Data Subscription, which provides clients with regularly updated, ready-to-use 2D and 3D models and aerial photos for their projects. This subscription model offers a cost-efficient alternative to traditional deliverable-based drone services, allowing for continuous data access and better project management.
The company's product suite includes the 'Angelswing Digital Twin' for proactive site management and the upcoming 'A-DFR' (Drone as First Responder) for life-saving missions. The platform features several modules, including a 'Drone Station' for automated data collection, 'Site Logistics', and solutions tailored for construction and disaster management. Its technology enables clients to overlay CAD/BIM designs on 3D site models to check for discrepancies, simulate construction plans, and improve communication among stakeholders. Angel Swing has gained significant traction, with its platform adopted by major Korean construction companies like GS E&C, and has received strategic investments from Hyundai Motor Group and Samsung Ventures. The company has also earned numerous accolades, including first place at the LEAP 2024 Rocket Fuel Startup Competition in Saudi Arabia and being named a Global Top 100 Geospatial Company.
Keywords: drone data platform, construction technology, digital twin, construction management software, site monitoring, 3D mapping, drone survey, AEC industry, Peter Park, geospatial data, construction safety, project management, earthwork calculation, drone analytics, reality capture, BIM integration, site logistics, disaster management, virtual construction, automated record keeping