Detroit-based drone safety infrastructure provider Airspace Link has announced a Series B investment of $23.1 million.
The investment was led by Avanta Ventures in California. Other investors include Morningside, Caprock, Altos Ventures, Indicator Ventures, 2048 Ventures, Detroit Venture Partners, and Thales Group.
Founded in 2018 in Detroit, Airspace Link has grown to 50 employees and has raised a total of $37 million.
The company says it wants to expand with several initiatives:
- Delivering safe, performant, and neutral Supplemental Data Service Provider (SDSP) and UAS Service Supplier (USS) capabilities to enable the acceleration of UAS Traffic Management (UTM) ecosystems.
- Partnering with and supporting drone manufacturers, operators, software, and service providers.
- Expanding services globally, with partners like Thales Group and Esri, to support current customers’ expansion and new market development.
- Expanding Airspace Link’s FAA public-private partnership, through programs such as LAANC USS, BEYOND, Remote ID, and more initiatives in the U.S.
- Continuing to partner with state and local governments to drive investment supporting drone infrastructure, enabling them to unlock economic, environmental, and social equity objectives delivered through advanced aerial mobility.
“In addition to the points laid out in our release, this funding gives us the ability to meet the rapidly growing demand we’re seeing in the UAS industry for our products and services,” said Michael Healander, Airspace Link CEO and co-founder. “As the industry moves toward advanced operations at scale, our GIS-based data and digital safety infrastructure are critical in the planning, execution, and analysis processes for our partners. In addition to the US market demand, we’re well equipped to expand globally with strategic partnerships in place with Thales and Esri.”
In other company news, Airspace Link recently completed a 10-day flight operation testing a real-world drone transportation program to move medical items in Michigan. The company, through a Michigan Mobility Funding Grant, teamed with drone operator MissionGO, Beaumont Health, and metropolitan Detroit community leaders to execute package delivery via UAS.