Airspace Link Inc, a leading provider of drone safety software and data solutions, announced the completion of a $23M Series B capital raise led by Avanta Ventures with new investment from Morningside, Caprock, and follow-on investment from Altos Ventures, Indicator Ventures, 2048 Ventures, Detroit Venture Partners, and Thales Group.
Founded in 2018 in Detroit, Michigan, Airspace Link has seen rapid growth over the past few years, as it drives the industry forward in safely integrating drones into communities at scale. The company has raised a total investment of $37M, expanding its impact and value for partners and customers exponentially in the past year alone. The team has put that capital to work, rapidly expanding products and services while growing from 17 employees to near 50.
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“Drones are an exciting new form of mobility, with advanced hardware now available at scale. Airspace Link provides the safety infrastructure for drones, focusing on the precise data, software, and analytics required to support scalable operations. Airspace Link’s products and services, through the AirHub® Platform, are utilized in all aspects of the industry, whether for informing safety cases, compliance, policy decisions, risk management, or insurance modeling. We’re excited to rapidly expand our offerings and societal impact with this infusion of capital. ” says Michael Healander, Co-Founder & CEO of Airspace Link.
As the venture capital arm of CSAA Insurance Group, a AAA insurer, Avanta Ventures is aligned with one of the top personal lines of property and casualty insurance underwriters in the United States.
“Our investment in Airspace Link aligns with our deep focus on mobility innovation, safety, and risk management,” says David Li, Principal at Avanta Ventures. “We look forward to working with Airspace Link to accelerate aerial mobility in the safest manner for consumers and communities at scale.”