Home / Tech News / Playing traffic cop for drones in cities and towns nets Airspace Link $4 million

Playing traffic cop for drones in cities and towns nets Airspace Link $4 million

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Playing traffic cop for drones in cities and towns nets Airspace Link $4 million – TechCrunch

As the number of drones proliferates in cities and towns across America, government agencies are scrambling to find ways to manage the oncoming traffic that’s expected to clog up their airspace.

Companies like Airmap and KittyHawk have raised tens of millions to develop technologies that can help cities manage congestion in the friendly skies and now they have a new competitor in the Detroit-based startup, Airspace Link, which just raised $4 million from a swarm of investors to bring its services to the broader market.

The financing for Airspace Link follows the company’s reception of a stamp of approval from the Federal Aviation Administration for low altitude authorization and notification capabilities, according to chief executive Michael Healander.

According to Healander, what distinguishes Airspace Link from the other competitors in the market is its integration with mapping tools used by municipal governments to provide information on ground-based risk.

“We’re creating the roads based on ground-based risk and we push that out into the drone community to let them know where it’s okay to fly,” says Healander.

That knowledge of terrestrial critical assets in cities and towns comes from deep integrations between Airspace Link and the mapping company Esri, which has long provided federal, state, and local governments with mapping capabilities and services.

We’ve just spent the past month understanding what regulation is going to be around to support it. In two years from now every drone will be live tracked in our platform,” says Healnder. “Today we’re just authorizing flight plans.”

As drone operators increase in number, the autonomous vehicles pose more potential risks to civilian populations in the wrong hands.

Parking lots, sporting events, concerts — really any public area — could be targets for potential attacks using drones.

“Drones are becoming more and more powerful and smarter,” EU Security Commissioner Julian King warned in a statement last summer, “which makes them more and more attractive for legitimate use, but also for hostile acts.”

Already roughly half of the population of the U.S. lives in controlled airspace where drones which are flying with over a half a pound of weight require flight plan authorization, according to Healander.

“We build out population data and give state and local governments a tool to create advisories for emergency events or any areas where high densities of people will be,” says Healander. “That creates an advisory that goes through our platform to the drone industry.”

Airspace Link closed a $1 million pre-seed round in September 2019 with a $6 million post-money valuation. The current valuation of the company is undisclosed, but the company’s progress was enough to draw the attention of investors led by Indicator Ventures with participation from 2048 Ventures, Ludlow Ventures, Matchstick Ventures, Detroit Venture Partners and Invest Detroit.

For Healander, Airspace Link is only the latest entrepreneurial venture. He previously founded GeoMetri, an indoor GPS tracking company, which was acquired by Acuity Brands.

I’ve been a partner of ESRI my entire life,” says Healander. “I’ve been in the geospatial industry for four or five companies with them.”

The company has four main components of its service. There’s AirRegistry, where people cna opt-in or out of receiving drone deliveries; AirInspect, which is a service that handles city and state permitting for drone operators; AirNetm, which works with the FAA to create approved air routes for drones; and AirLink an API that connects drone operators with local governments and collects fees for registering drones.

 

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Early Stage SF is sneaking up on us and there is plenty to be excited about. The one-day event, which brings together a wide variety of startup experts to host breakout sessions, is going down on April 28 and we have a handful of speakers to announce. So without any further ado: We’re thrilled to […]n”,”protected”:false,”author”:24273062,”featured_media”:1936674,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”jetpack_publicize_message”:”Jeff Clavier, Sarah Guo, Ali Partovi, and Caryn Marooney to speak at Early Stage SF https://tcrn.ch/36ejYNG by @jordanrcrook”,”categories”:[426985170,20429,17396],”tags”:[2864051,576730916,576726010,193866,576605287],”crunchbase_tag”:[576729888],”tc_stories_tax”:[],”tc_event”:[576715172],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2020/01/early-stage-partovi-marooney-clavier-guo.jpg”,”jetpack_publicize_connections”:[],”shortlink”:”https://tcrn.ch/36ejYNG”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”fundingRound”:false,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[“slug”:”sarah-guo”,”cb_name”:”Sarah Guo”,”cb_slug”:”sarah-guo-person”,”cb_link”:”https://crunchbase.com/person/sarah-guo”,”slug”:”jeff-clavier”,”cb_name”:”Jeff Clavier”,”cb_slug”:”jeff-clavier-person”,”cb_link”:”https://crunchbase.com/person/jeff-clavier”,”slug”:”ali-partovi”,”cb_name”:”Ali Partovi”,”cb_slug”:”ali-partovi-person”,”cb_link”:”https://crunchbase.com/person/ali-partovi”,”slug”:”caryn-marooney”,”cb_name”:”Caryn Marooney”,”cb_slug”:”caryn-marooney-person”,”cb_link”:”https://crunchbase.com/person/caryn-marooney”],”associatedEvent”:”ad”:”display”:true,”title”:”Grab your tickets to learn from experts from across the startup ecosystem at TC Early Stage”,”override_link”:”https://techcrunch.com/events/tc-early-stage-sf-2020/tickets-2/”,”date”:1588032000,”link”:”https://techcrunch.com/events/tc-early-stage-sf-2020/”,”status”:”pre”,”title”:”TC Early Stage SF 2020″,”termID”:576715172,”event”:1913208,”authors”:[24273062],”hideFeaturedImage”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/1936578″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=1936578″],”version-history”:[“count”:6,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1936578/revisions”],”predecessor-version”:[“id”:1936783,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1936578/revisions/1936783″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/24273062″],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=1936578&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/24273062″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/1936674″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=1936578″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=1936578″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=1936578″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1936578″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1936578″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=1936578″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:24273062,”name”:”Jordan Crook”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/jordan-crook/”,”slug”:”jordan-crook”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/3311dfd2a72b8ea26707777a79acda77?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/3311dfd2a72b8ea26707777a79acda77?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/3311dfd2a72b8ea26707777a79acda77?s=96&d=identicon&r=g”,”links”:”homepage”:”http://techcrunch.com”,”twitter”:”https://twitter.com/jordanrcrook”,”crunchbase”:”https://www.crunchbase.com/person/jordan-crook”,”position”:”Managing Editor”,”cbDescription”:”

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Medical targets IPO valuation of up to $2B as we unpack its Q4 results”,”content”:{“rendered”:”

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.n

Today we’re digging into One Medical’s updated IPO filing released this week. The document contains directional pricing information that will help us understand where the tech-enabled medical care startup expects the market to value itself and also details its Q4 2019 Preliminary Estimated Unaudited Financial Results, which gives us a fuller picture of its financial health.n

As we’ll see, One Medical’s expected valuation matches secondary-market transactions in the firm’s equity, and, at the upper-end of its proposed IPO range, represents a solid boost to its final private valuation. Afterwards, we’ll dig back through the company’s numbers, figure out its implied revenue multiple and make a bullish and bearish argument for the company’s hoped-for IPO valuation.n

It’s going to be fun! (For a general dive into the company’s IPO filing, head here.)



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I'm a 50 year old PLC programmer from Burnley, UK. I severed my time as an electrician in the baking industry and soon got involved with the up and coming technology of PLC's. Initially this was all based in the Uk but as the years went by I have gradually worked my way around the globe. At first it was mainly Mitsubishi with a bit of Modicon thrown in but these days the industry leaders seem to be the Allen Bradley range of PLC and HMI’s.

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