ASI raises $325M Series C at $3B valuation to expand AI for air traffic and defense
ASI, the Boston company formerly known as Air Space Intelligence, announced Tuesday a $325 million Series C round valuing it at $3 billion, led by Spark Capital with affiliates of Citadel Securities, Meritech Capital, Craft Ventures, Energy Impact Partners and Andreessen Horowitz participating. Its software models air traffic, power grids and military operations hours, days and weeks ahead so operators can act before problems spread. The round follows a June $875 million, 12-year FAA contract won ahead of Palantir and Thales, and a five-year, $99 million US Army command-and-control contract in October; the FAA began using the system around Washington and plans a national rollout, according to The Next Web and SiliconANGLE.
ASI's raise follows large federal awards — an $875 million FAA contract and a $99 million Army deal — showing investor appetite for AI aimed at operating physical infrastructure rather than generating text.
ASI has raised $325 million in a Series C round that values it at $3 billion, the Boston AI company announced on Tuesday. Its software models air traffic, power grids and military operations hours, days and weeks ahead. The aim is to let operators act before problems spread.
Spark Capital led the round. Affiliates of Citadel Securities, Meritech Capital, Craft Ventures, Energy Impact Partners and Andreessen Horowitz also took part. The company used to go by the name Air Space Intelligence, Bloomberg reported. Gradient, which led its pre-seed round, congratulated the team on X.
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