AeroCloud, a Chester, UK-based cloud-native airport management software startup that is used by dozens of airports across the world, raised $12.6 million in Series A funding.
The round was led by Stage 2 Capital, with participation from Triple Point Ventures, I2BF Global Ventures, Praetura Ventures, Playfair Capital, and Haatch.
The new funding will be used to expedite its expansion plans and continue its push to “displace lethargic incumbents.
AeroCloud is gearing up to double its headcount to 80 through 2023 across its hubs in the UK and the US. The startup is aiming to grow its customer base from 42 to more than 100 by the end of the year.
“By introducing AI and machine learning into our intelligent airport management system, we are allowing airport operations teams to plan less and action more,” AeroCloud co-founder and CEO George Richardson explained to TechCrunch. “Airports have a set of tasks requiring varying degrees of human interaction on a day-to-day basis. With AI, we can reduce that cognitive load on individuals and teams, and assist with freeing up an airport’s time to focus on other priority challenges.”
At its core, AeroCloud promises all stakeholders access to data via the cloud, with features that support common airport use cases such as automated gate allocation for flights and optimizing spare gate capacity to increase revenue.
The airport management software space includes legacy incumbents such as Amadeus and SITA. AeroCloud is already working with Manchester and Eindhoven airports in Europe, while in the U.S. it counts Tampa International and John Wayne Airport as customers.
Company: AeroCloud Systems Ltd.
Raised: $12.6M
Round: Series A
Funding Month: February 2023
Lead Investors: Stage 2 Capital
Additional Investors: Triple Point Ventures, I2BF Global Ventures, Praetura Ventures, Playfair Capital and Haatch
Company Website: https://aerocloudsystems.com/
Software Category: Airport Management Software
About the Company: Founded in 2019, AeroCloud is a cloud-native management platform with AI, machine learning, and common-use solutions that save airports money. Its cloud-native software platform is accessible to all airport stakeholders and is based on customer requirements. It makes operations, IT, and commercial teams' jobs easier by centralizing data, automating tasks, predicting passenger numbers, managing gate usage in real time, and increasing passenger handling capacity. The company configures all modules within the cloud and delivers remote updates quickly and easily. AeroCloud’s aim is to become the world's largest airport operations software provider, shaping the sector's future development. Its platform currently supports operations for 42 customers across the US and Europe and serves over 150 million passengers annually.
Source: https://techcrunch.com/2023/02/20/aerocloud-a-cloud-native-airport-management-platform-raises-12-6m/