AeroCloud raises £10.5m for airport management platform
AeroCloud, an airport management platform that uses AI to track and oversee flights, has raised $12.6m (£10.5m) in Series A funding.
Macclesfield-headquartered AeroCloud’s software is used by 42 airports in the US, Europe and the UK, including Manchester Airport.
The platform, which also provides passenger predictions and gate organisation, is used by airports to manage over 150 million travellers annually, according to AeroCloud.
AeroCloud was founded in 2019 by former racing driver CEO George Richardson and CTO Ian Forde-Smith.
“Before we launched AeroCloud, airports were forced to use legacy technology that was difficult to scale and barely fit for purpose,” said George Richardson, co-founder and CEO, AeroCloud.
“Now, it takes only 24 hours for an airport to onboard onto our platform and within two weeks, it’s already driving efficiency and operation gains.”
AeroCloud will spend the proceeds of the Series A raise on acquiring new customers and increasing its headcount from 40 to 80 this year, which is spread across its Macclesfield HQ, London and Florida, US.
The AeroCloud Series A was led by US venture capital firm Stage 2 Capital, with support from I2BF Global Ventures, Triple Point Ventures, Praetura Ventures, Playfair Capital and Haatch.
Liz Christo, partner at Stage 2 Capital, said: “In only a small time, AeroCloud has become the definitive operating software for small to medium-sized airports. Each module is so critical to running an airport’s operations that good enough is not an option, it has to be perfect.”
To date, the company has raised $16m (£13.3m), after previously raising investment in 2021.