US UTM company Airspace Link “raises USD4 million from investor swarm”

Techcrunch reports that Detroit-based UTM company and Federal Aviation Administration (FAA) Low Altitude Authorization and Notification Capability (LAANC) service-provider Airspace Link “has just raised USD4 million from a swarm of investors to bring its services to the broader market.”

Airspace Link’s AirHub™ is “the first cloud-based drone platform focused exclusively around the needs of state and local government,” says the company. “With Airspace Link, you are integrating local governance into the tools drone pilots already use to plan and authorize recreational or commercial operations within the community. Our mission is to help communities safely manage drone integration while building new economic development opportunities for businesses and citizens.”

According to Techcrunch :“Airspace Link closed a USD1 million pre-seed round in September 2019 with a USD6 million post-money valuation. The current valuation of the company is undisclosed, but the company’s progress was enough to draw the attention of investors led by Indicator Ventures with participation from 2048 Ventures, Ludlow Ventures, Matchstick Ventures, Detroit Venture Partners and Invest Detroit.”

For more information

https://techcrunch.com/2020/01/23/playing-traffic-cop-for-drones-in-cities-and-towns-nets-airspace-link-4-million/

(Image: Airspace Link)

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