Air Space Intelligence Inc., an AI startup focusing on air travel, secured $34 million in funding from Andreessen Horowitz to ramp up its engagement with the US Department of Defense.
Recognized for its technology likened to “Waze for air travel,” the company has historically provided its tools to commercial carriers like Alaska Airlines.
Their primary offering, Flyways, assists flight dispatchers in selecting optimal routes for aircraft, considering variables such as air traffic, weather conditions, and airport statuses.
With the recent funding injection, Air Space intends to bolster its workforce, aiming to potentially double its current staff to 160 individuals. The focus lies on expanding its Washington presence. Despite the company’s San Francisco roots, the company relocated to DC last year and anticipates significant growth for the office there.
The recent funding round has reportedly elevated Air Space’s valuation to around $300 million, as per sources familiar with the matter who preferred anonymity due to the confidential nature of details. The startup has not provided any information on the either on the company’s current valuation.