AirMap obtains USD 26m funding for airspace, traffic management platforms for drones

AirMap has announced a USD 26m Series B funding round led by Microsoft Ventures, with additional participation from Airbus Ventures, Qualcomm Ventures (the investment arm of Qualcomm Incorporated), Rakuten, Sony, Yuneec, and existing investors General Catalyst and Lux Capital, the company said.

The Series B funding round will bring AirMap´s airspace management platform and unmanned traffic management (UTM) solutions to new markets worldwide, as AirMap opens offices in Berlin, Germany and at the NASA Ames Research Center in Mountain View, California.

The AirMap platform powers the vast majority of the world´s drones, providing real-time airspace information and services. The company´s data and services are embedded into drones, ground control stations, and flight apps by top drone makers.

AirMap also builds technologies for UTM, the regulatory and technological framework that will facilitate data exchange and air traffic control for drones, and eventually, flying cars.

More than 125 airports use AirMap´s airspace management dashboard to open surrounding airspace to drones, view past and current drone flights, accept digital flight notices, and communicate with drone operators. The AirMap platform also provides solutions for geofencing, remote identification of drones, and sophisticated in-flight deconfliction.

Since the company was founded in 2015, AirMap has raised more than USD 43m in investment capital. In April 2016, AirMap announced a USD 15m Series A financing led by General Catalyst Partners. In July 2015, AirMap raised USD 2.6m in seed funding, led by Lux Capital.

AirMap is an airspace management platform for drones, supporting more than 100,000 drone flights per day. Millions of drones, hundreds of drone manufacturers and developers, and hundreds of airspace managers and stakeholders rely on its airspace intelligence and services to fly safely and communicate with others in low-altitude airspace. The company provides solutions for unmanned traffic management, geofencing, remote identification, deconfliction, and more.