# Xwing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xwing

- Industry: Aerospace
- Headquarters: San Francisco, US
- Website: www.xwing.com
- Total disclosed funding: $54M
- Latest round: Series B (Mar 23, 2021)
- Investors on record: 10

## About

Xwing, Inc. specializes in developing autonomous flight technology for aviation, focusing on transforming traditional aircraft into self-piloted systems to enhance operational efficiency and safety in air transport.Founded in 2016, Xwing, Inc. is headquartered in San Francisco, US. The company is dedicated to advancing aviation technology by integrating autonomy into existing aircraft systems. Marc Piette, the founder, has played a pivotal role in driving the company's vision. Xwing has successfully completed three funding rounds, with the latest being a Series B round in March 2021, raising USD 40.000 mn led by Blackhorn Ventures, with additional support from multiple investors. The company is valued at USD 351.092 mn after this latest round.Xwing, Inc. focuses on developing autonomous flight systems that retrofit conventional aircraft to operate without a pilot. Their technology aims to enhance the safety, efficiency, and accessibility of air transport. Xwing's solutions target commercial aviation, offering systems that can seamlessly integrate with existing fleets, benefiting airlines and cargo operators, and addressing the increasing demand for air travel and logistics.Xwing, Inc.'s revenue generation strategy involves partnerships with airlines and government agencies to implement autonomous systems. The firm expects to earn revenue through contracts for retrofitting aircraft and ongoing support services. This model allows Xwing to cater to both commercial operators needing efficiency and regulatory bodies requiring compliance with safety standards.With the recent funding of USD 40.000 mn from the Series B round, Xwing, Inc. aims to scale its team and enhance its technology development. The company plans to expand its product offerings by developing new autonomous systems for various aircraft types. Furthermore, Xwing is looking to enter international markets, particularly targeting regions with growing air transport needs by 2023. The funding will support these initiatives, and the company is focused on increasing the adoption of its technology in commercial aviation.

## Funding rounds

- Series B, Mar 23, 2021, $40M — Alven, Eniac Ventures, ACME Capital, R7 Partners, Array Ventures, Deepwater Asset Management, Blackhorn Ventures
- Series A, Feb 7, 2020, $10M — Alven, Eniac Ventures, R7 Partners, Thales Corporate Ventures
- Seed, Jul 31, 2018, $4M — Microsoft, Eniac Ventures, GitHub, Inc., Array Ventures

## Investors

- Microsoft — Seed
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed, Series A, Series B
- GitHub, Inc. — Seed
- Array Ventures (https://capitalatlas.ai/funds/array-ventures) — Seed, Series B
- Alven (https://capitalatlas.ai/funds/alven) — Series A, Series B
- R7 Partners (https://capitalatlas.ai/funds/r7-partners) — Series A, Series B
- Thales Corporate Ventures (https://capitalatlas.ai/funds/thales-corporate-ventures) — Series A
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Series B
- Deepwater Asset Management (https://capitalatlas.ai/funds/deepwater-asset-management) — Series B
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Series B