What is AirMap?
AirMap is recognized as the leading digital airspace and automation company dedicated to serving the burgeoning drone economy. The company provides essential automation software solutions that connect airspace authorities, enterprise operators, and industry developers, thereby enabling safe and efficient drone operations in low-altitude airspace. AirMap's UTM and U-space products are deployed globally, supporting a vast community of pilots and developers. The strategic acquisition of Hangar Technology in 2019 further bolstered AirMap's commitment to accelerating enterprise drone adoption through digital automation, positioning it at the forefront of drone enablement initiatives worldwide.
How much funding has AirMap raised?
AirMap has raised a total of $45.9M across 5 funding rounds:
Private Equity
$2.6M
Series A
$15M
Series B
$26M
Debt
$1M
Debt
$1.4M
Private Equity (2015): $2.6M, investors not publicly disclosed
Series A (2016): $15M led by General Catalyst Partners, Lux Capital, Bullpen Capital, TenOneTen Ventures, Pritzker Group, and Social Capital
Series B (2017): $26M supported by General Catalyst, Lux Capital, Qualcomm Ventures, Airbus Ventures, Yuneec, Sony, Rakuten, and Microsoft Ventures
Debt (2020): $1M featuring PPP
Debt (2021): $1.4M backed by PPP
Key Investors in AirMap
General Catalyst Partners
General Catalyst is a venture capital firm that supports transformational business opportunities across various sectors and stages, focusing on entrepreneurs with ambitious visions. They provide strategic capital and operational expertise to accelerate growth and build enduring enterprises.
Lux Capital
Lux Capital is a venture capital firm investing in early-stage and growth-stage companies at the intersection of science and technology, including AI, robotics, and advanced materials.
Qualcomm Ventures
Qualcomm Ventures is the venture capital arm of Qualcomm, a global leader in wireless technology, investing in companies that advance mobile and connected technologies.
What's next for AirMap?
With its recent major strategic investment, AirMap is poised to further solidify its market leadership in drone traffic management and airspace automation. The company's ongoing involvement in global research initiatives, such as NASA-UTM and European U-space demonstrations, indicates a strategic focus on advancing the regulatory and technological frameworks necessary for widespread drone integration. This latest capital infusion is expected to fuel continued innovation in its UTM and U-space products, enhance its global deployment capabilities, and potentially support further strategic acquisitions to expand its service offerings and market reach within the rapidly evolving drone economy.
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