Venture-backed aviation tech startup, Moonware has raised over $2 million in its first round of financing.
This funding will support the firm’s plan to enable next-generation air travel with new technology, starting with the world’s first “Ground Traffic Control” platform powered by AI.
Moonware’s product, HALO, is software referred to as an “airside OS” set to transform aviation ground operations.
By leveraging real-time flight data and issuing automated dispatches, HALO navigates ground crew throughout the airfield, while delivering performance metrics and predictive analytics to enable automated aircraft handling from touchdown to takeoff.
The technology applies to the passenger aviation, cargo aviation, advanced air mobility, and military/defence markets. It enables seamless coordination between ground crew, vehicles, and aircraft to optimally service flights, reducing aircraft turnaround times and increasing airfield throughput.
“The aviation industry is long overdue for a technological overhaul, and Moonware is here to lead the way,” said Javier Vidal, chief executive of Moonware.
“With the support and confidence of our investors, we are excited to transform the aviation industry’s outdated systems with our innovative AI-powered technology.”
Moonware’s first round of financing was led by Third Prime, a renowned early-stage venture capital firm investing in industrial and financial technology, with participation from Zero Infinity Partners, The House Fund, Lorimer Ventures, Plug and Play, and several ‘strategic angel’ investors.