Air Traffic Management Startup AirMap Receives Additional $26 Million from VC Investors

By: Thomas L. Gemmell

AirMap, a Santa Monica based start-up and the world's top supplier of air traffic management software for unmanned aircraft systems (or “drones”), is raising $26 million in new financing from a group of investors led by Microsoft Ventures. 

The new round of financing will help AirMap expand into markets worldwide, including opening offices in Berlin and at the NASA Ames Research Center.

Microsoft Ventures’ investments would allow AirMap to use Microsoft's resources, software and artificial intelligence tools, as Microsoft seeks to enter the flourishing drone market. Another investor, Airbus, will collaborate with AirMap to advance safe autonomous drone operations, ranging from delivery drones to Airbus’ proposed "flying taxi" service CityAirbus. 

AirMap’s success in obtaining significant investment over a short period of time (total funding of more than $43 million since its founding just two years ago) demonstrates the scope of the burgeoning drone industry and the market’s interest in investing in promising technologies, especially related to autonomous operations, that will move the industry to the next level of airspace integration.

More than 125 airports use AirMap’s traffic management dashboard to open surrounding airspace to drones, and AirMap's real-time traffic management services are provided for 80 percent of all drones.