From The Next Web · Cristian Dina · · 50s
ASI Raises $325M at $3B Valuation for AI Air Traffic Management
ASI secures $325M Series C funding at $3bn valuation to manage air traffic with AI.
In brief
ASI secures $325M Series C funding at $3bn valuation to manage air traffic with AI. ASI raised $325 million in Series C funding valued at $3 billion to model air traffic, power grids, and military operations ahead of time. Originally reported by The Next Web.
Series C Funding Announcement
ASI raised $325 million in Series C funding at a $3 billion valuation.
AI Air Traffic Modeling
ASI's software models air traffic, power grids and military operations hours, days and weeks ahead.
FAA Contract Win
FAA awarded ASI $875 million contract to manage US air traffic with AI for 12 years.
Military and Energy Contracts
US Army gave ASI $99 million contract and Delta Air Lines, Alaska Airlines, United Airlines use its systems.
The bottom line
ASI raised $325 million in Series C funding valued at $3 billion to model air traffic, power grids, and military operations ahead of time.
