Airspace Link, Inc., the leading North American provider of solutions designed to help the FAA, state and local government agencies better plan for and manage the safe integration of drones into their communities, has announced it completed a $10 million series A capital raise with Altos Ventures.
“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.”
Also completing the series A raise alongside Altos Ventures is Thales, leading provider of air traffic management systems which manage 40% of the world’s airspace, and a global technology leader with operations in more than 68 countries. Thales generated €18.5 billion (EUR) in revenues in 2020 and is the eighth largest defense contractor in the world.
“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.”
“Airspace Link acts like the Google Maps (Waze) for drones, but the roads, rules and regulations are not in place yet,” CEO Michael Healander said. Airspace Link’s FAA-approved Low Altitude Authorization and Notification Capability platform is a transportation planning tool for integrating drones into the national airspace and our communities. The platform is being used by state and local government transportation groups to prepare, plan, build, manage and engage the drone community.
“Our core purpose is to safely integrate drones into the national airspace and our communities at scale,” said Healander. “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.”
