Airspace Technologies Raises $8M Series A Funding Round

Airspace TechnologiesAirspace Technologies, a Carlsbad, CA-based technology enabled provider of time definite logistics, raised an $8M Series A funding.

The round was led by Defy with participation from Qualcomm Ventures (the investment arm of Qualcomm Incorporated), Cross Culture Ventures, and Schematic Ventures.

The company will use the funds to hire more than 40 new employees, adding to the current staff of over 50 people, and develop its delivery network and software platform.

Led by Co-Founder and Chief Executive Officer Nick Bulcao, Airspace Technologies provides time definite delivery and supply chain services through its integrated platform and network of service providers. The platform features proprietary routing algorithms that automate the process of planning shipments that need to deliver as fast as possible. This automation creates a platform for shippers to communicate with their customers in real-time for their most critical shipments.
The company has built a nationwide network of 1099 driver-partners using a multitude of delivery vehicles to support its growth. These thoroughly vetted driver-partners carry the appropriate certification and experience to pick up and deliver high value shipments like parts for aircraft on ground situations and human organs for transplant.
Airspace driver-partners are able to opt into the Airspace platform through its Mobile Application CommanderConnectâ„¢.

Since its inception in 2015, the company has focused on three key markets; healthcare, high-tech/semiconductor, and aerospace and has gained customers including LabCorp, FedEx, and Frontier Airlines.

FinSMEs

13/08/2018

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