Expansion for Livingston firm
Cyberhawk taking drone technology to US
The Livingston-based company, established in 2008, already has offices in the Middle East and Southeast Asia and key clients include the oil and gas sector, SSE and Network Rail.
It previously received funding from Scottish Equity Partners and Scottish Investment Bank, the investment arm of Scottish Enterprise. The latest support from Clydesdale and Yorkshire Banks will be used to increase the current payroll of 50 “significantly”.
Chief executive Craig Roberts (pictured) said: “Cyberhawk’s recent performance has been outstanding, and this funding comes at an excellent time as we embark upon a new phase of significant growth and expansion.
Nick Edgar, senior director, growth finance at Clydesdale and Yorkshire Banks, said: “Cyberhawk’s management team has built successfully on the firm’s global track record of success in oil and gas by extending its services into other sectors such as utilities and renewables.
“There is clearly further potential for growth via the strong relationships which the company has already established in the rail industry.
“With plans also progressing for the firm’s move into the US market, we look forward to supporting Cyberhawk in this latest expansion phase for the business.”