Knoxville startup DataFlyte, which has patented technology that gives utilities the ability to read meters from the air, has received its first outside capital raise of $600,000 to launch the business.
The capital has allowed DataFlyte to secure office space, hire four employees, receive approvals from the Federal Aviation Administration, finalize its patent applications and secure an airplane, said president and co-founder Jack Dischner. Read more of this Knoxville New Sentinel profile by Amy Nolan
The Lighthouse Fund recently celebrated its initial investment in DataFlyte, Inc.
A two-part article showcasing the humble beginnings of DataFlyte recently appeared on the TekNovation.biz website.