Airspace Link Raises $10 Million in Series A Round of Financing

Airspace Link Raises $10 Million in Series A Round of Financing

Bringing the series to a close, Thales, a primary air traffic management system that governs 40 percent of the world's airspace and a global technology leader with operations in more than 68 countries, is raising money alongside Altos Ventures.

FREMONT, CA: Airspace Link, North America's Largest supplier of solutions that enable the FAA, state, and local governments to efficiently manage the safe incorporation of drones into their communities, has raised $10 Million in a Series A round of financing from Altos Ventures. Altos Ventures, situated in the Bay Area, is an early-stage investor with a global focus on consumer and enterprise firms founded in 1996. Altos currently handles over 10 billion dollars in administrative assets across more than 100 enterprises.

 "We're excited to partner with the Airspace Link team to help them build the digital infrastructure for safe drone flights domestically and around the globe," said Dillon Krasnigor from Altos Ventures. "We were impressed with the Airspace team's deep domain expertise and their vision of how unmanned drones will be used over the next decade and beyond. We believe the company will be a key player in making mass unmanned drone flights a reality."

"Airspace Link acts like the Google Maps (Waze) for drones, but the roads, rules and regulations are not in place yet."

Bringing the series to a close, Thales, a primary air traffic management system that governs 40 percent of the world's airspace and a global technology leader with operations in more than 68 countries, is raising money alongside Altos Ventures. Thales is the world's ninth-largest defense contractor, with revenues of 18.5 billion euros (EUR) in 2020.

"As Unmanned Aircraft Systems (UAS) usage continues to grow, for safe, low altitude operations around communities, airspace management must combine both air and ground insights," said Todd Donovan, Thales Vice President, Airspace Mobility Solutions Americas. "Our deep knowledge of airspace management and Airspace Link's expertise in geospatial intelligence are the perfect combination to address this complex challenge."

Indicator Ventures, 2048 Enterprises, Ludlow Ventures, Matchstick Ventures, Techstars, and Dan Gilbert's Detroit Venture Partners were all investors in Airspace Link before this 2021 fundraising (DVP).

"Airspace Link acts like the Google Maps (Waze) for drones, but the roads, rules and regulations are not in place yet," CEO Michael Helander said. The Low Altitude Authorization and Notification Capability platform from Airspace Link is an FAA-approved transportation planning tool for integrating drones into the national airspace and our communities. State government transportation groups use the platform to plan, create, administer, and engage the drone community.

This month, Airspace Link participated in Ohio's first multi-modal transportation demonstration involving ground and autonomous air vehicles. The mission that VyrtX, a logistics software vendor, led, and JobsOhio, involved delivering blood tubes, vessels, and tissues via a small drone system that met up with a massive autonomous helicopter at KOSU airport. Which then transported the first 3-D printed kidney on a perfusion device to KMRT airport in Marysville, Ohio. The AirHub solution from Airspace Link provided the digital infrastructure to assure the operation's safety by simplifying permission for the on-airport portion of UAS operation and calculating the safest route for the lengthier leg of the transfer to KMRT. Airspace Link's digital infrastructure technologies are being integrated into other innovative UAS systems around the United States to allow the UAS sector to scale securely.

Along with founding members Ana Healander and Daniel Bradshaw, Michael Helander has grown the Detroit-based team to 20 full-time employees in the last year and has established partnerships across over forty government agencies and municipalities across the United States to implement Airspace Link's AirHub drone infrastructure platform.

"Our core purpose is to safely integrate drones into the national airspace and our communities at scale," said Helander. "We thank Altos Ventures and Thales for joining our vision of paving the way for the drone economy with shared, neutral and affordable UAS infrastructure."

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