# Airspace Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/airspace-technologies

- Industry: Software
- Headquarters: Carlsbad, US
- Website: www.airspacetechnologies.com
- Total disclosed funding: $133M
- Latest round: Series C (May 25, 2022)
- Investors on record: 9

## About

Airspace Technologies Inc. specializes in advanced logistics solutions, offering a proprietary Next Flight Out (NFO) service that optimizes shipping and proactively resolves delays for time-critical shipments.Founded in 2014, Airspace Technologies Inc. is headquartered in Carlsbad, US. The company focuses on enhancing logistics efficiency through its innovative technology solutions. The founders, Nicholas Bulcao and Steve Braff, have experience in the logistics sector. The firm has successfully completed 5 deals, with its most recent funding round being a Series C in May 2022, raising USD 70.000 mn from investors including DBL Partners and Qualcomm Ventures. The total amount raised so far is USD 70.000 mn, giving the company a current valuation of USD 368.669 mn.Airspace offers a suite of advanced logistics solutions centered around its proprietary Next Flight Out (NFO) service, optimizing flight selections and focusing on proactive delay resolution. This service utilizes patented routing and auto-booking technology, leveraging artificial intelligence to evaluate millions of shipping options within seconds. Airspace caters to diverse clients with time-sensitive shipping needs across various industries, including freight transport and STAT ground services. Key features include real-time shipment tracking, automated dispatching, and proactive communications for efficient logistics management.Airspace's revenue model is driven by transactional engagements within a B2B framework, allowing businesses to utilize the platform for time-sensitive shipments. Clients access services on a per-shipment basis, which streamlines the ordering process for shipments weighing up to 10,000 lbs. This structure accommodates flexible pricing based on logistics service requirements and enhances customer engagement through features like automated delay detection and real-time tracking, ensuring consistent revenue generation from frequent users. The company aims to establish long-term partnerships with clients by offering customizable solutions for unique logistical challenges.Following the recent funding of USD 70.000 mn in May 2022, Airspace Technologies Inc. plans to accelerate its market penetration in Europe and expand further into Asia. This strategic focus on new geographic regions aims to enhance its service offerings and client reach. The funding will support the development of new products designed to enhance logistics capabilities, although specific release dates for these products have not been disclosed.

## Funding rounds

- Series C, May 25, 2022, $70M — HarbourVest Partners, Scale Venture Partners, Prologis, DBL Partners, Qualcomm Ventures, Titanium Ventures, Defy.
- Series C, Jan 26, 2021, $38M — HarbourVest Partners, Scale Venture Partners, Prologis, Qualcomm Ventures, Titanium Ventures, Defy.
- Series B, Oct 29, 2018, $20M — Scale Venture Partners, Qualcomm Ventures, Cross Culture Ventures, Defy., Schematic Ventures
- Series A, Nov 2, 2017, $5.3M — Qualcomm Ventures, Cross Culture Ventures, Defy., Schematic Ventures

## Investors

- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series A, Series B, Series C
- Cross Culture Ventures (https://capitalatlas.ai/funds/cross-culture-ventures) — Series A, Series B
- Defy. (https://capitalatlas.ai/funds/defy) — Series A, Series B, Series C
- Schematic Ventures (https://capitalatlas.ai/funds/schematic-ventures) — Series A, Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series B, Series C
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series C
- Prologis (https://capitalatlas.ai/funds/prologis) — Series C
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series C
- DBL Partners (https://capitalatlas.ai/funds/dbl-partners) — Series C