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ASI secures $325 million Series C led by Spark Capital at $3 billion valuation

AI startup ASI, formerly known as Air Space Intelligence, has raised $325 million in a Series C funding round led by Spark Capital, valuing the company at $3 billion.

Graphic announcing ASI raising $325M in Series C funding at a $3B valuation, led by Spark Capital.
Image: @AGTPinsights

ASI, the startup formerly known as Air Space Intelligence, has raised $325 million in a Series C funding round led by Spark Capital, according to AGTP. The round values the infrastructure and defense software maker at $3 billion and follows an $875 million contract the company secured with the Federal Aviation Administration in June, as reported by Bloomberg.[4][3][5]

The company creates artificial intelligence tools designed to assist the military, airlines, and air traffic controllers with asset management. Bloomberg reported that the fresh capital will allow ASI to expand its core AI platform. Crypto Briefing highlighted that ASI's technology focuses on optimizing critical infrastructure, carrying potential applications across sectors such as defense and energy.[2][3][5][1]

Key facts

  • ASI, formerly known as Air Space Intelligence, raised $325 million in a Series C funding round.
  • Spark Capital led the Series C funding round.
  • The funding round values ASI at $3 billion.
  • ASI won an $875 million FAA contract in June.
  • ASI develops artificial intelligence systems that help the military, airlines, and air traffic controllers manage assets.
  • ASI's AI technology targets critical infrastructure optimization, with potential uses in sectors including defense and energy.

Sources · 5 sources

  1. CB

    Crypto BriefingArticle ·

    ASI raises $325 million at a $3 billion valuation to expand infrastructure AI ASI's funding surge highlights AI's growing role in optimizing critical infrastructure, potentially transforming sectors like energy and defense. The post ASI raises $325 million at a $3 billion valuation to expand infrastructure AI appeared first on Crypto Briefing .

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  2. BL

    Bloomberg@businessPost on X ·

    Startup ASI raised $325 million in new funding from investors, allowing the company to expand an AI system that helps the military, airlines and air-traffic controllers manage assets https://t.co/78hiDpPDm8

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  3. TE

    Techmeme@TechmemePost on X ·

    ASI, which makes AI tools for the military and air traffic controllers, raised a $325M Series C at a $3B valuation, after winning an $875M FAA contract in June (Bloomberg) (Visit Techmeme dot com for the link and full context!)

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  4. AG

    AGTP@AGTPinsightsPost on X ·

    BREAKING: ASI, formerly Air Space Intelligence, raises $325 million in a Series C led by Spark Capital at a $3 billion valuation. https://t.co/CfOVzHUYbx

    Open source
  5. TE

    TechmemeArticle ·

    ASI, which makes AI tools for the military and air traffic controllers, raised a $325M Series C at a $3B valuation, after winning an $875M FAA contract in June (Bloomberg) Bloomberg : ASI, which makes AI tools for the military and air traffic controllers, raised a $325M Series C at a $3B valuation, after winning an $875M FAA contract in June — Startup ASI raised $325 million in new funding from investors, allowing the company to expand an artificial intelligence system …

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