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AI infrastructure management software company ASI has completed a $325 million Series C funding round at a valuation of $3 billion. The round was led by Spark Capital, with participation from Citadel Securities, Andreessen Horowitz and others. ASI, formerly known as Air Space Intelligence, builds models that simulate physical reality for the aviation, defense and energy industries, and its customers include the FAA, United Airlines, Delta Air Lines, the U.S. Army and National Grid USA. The report also noted that in June of this year ASI signed an $875 million multi-year contract with the FAA, and that its software was deployed last month at Washington Dulles International Airport, with plans to expand to major U.S. airports. At present, this funding event has only the single source report described above, and there are no subsequent factual developments.
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ASI Completes $325 Million Series C Funding at a $3 Billion ValuationDevelopments
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Oct 21
SiliconANGLE
ASI Completes $325 Million Series C Funding at a $3 Billion Valuation
AI infrastructure management software company ASI has completed a $325 million Series C funding round at a $3 billion valuation, led by Spark Capital with participation from Citadel Securities, Andreessen Horowitz and others. ASI, formerly known as Air Space Intelligence, builds models that simulate physical reality for the aviation, defense and energy industries, with customers including the FAA, United Airlines, Delta Air Lines, the U.S. Army and National Grid USA. In June of this year, ASI signed an $875 million multi-year contract with the FAA; its software was deployed last month at Washington Dulles International Airport and is planned to expand to major U.S. airports.