Airspace Systems, Inc.

Airspace Systems, Inc. is a technology company specializing in drone detection, classification, and response solutions, utilizing advanced AI and machine learning to ensure airspace security for various applications. Founded in 2015 in San Leandro, US, Airspace Systems, Inc. focuses on drone security solutions.

The company has completed two deals, with the most recent funding round being a Series A round raised in March 2018, securing USD 20 mn. The funding was led by Singtel Innov8, alongside investors such as Granite Hill Capital Partners, Shasta Ventures, and s28 Capital. The current CEO is Jaz Banga, who is among the founders, including Earl Stirling and Noah Moore. Airspace Defense, Inc.

offers advanced drone detection and classification solutions through its flagship products, Airspace Spatial™ and Airspace Interceptor. These systems utilize AI, machine learning, and multi-source data integration to accurately monitor drone activity in designated airspaces. The company's products enhance public safety, improve emergency response, and secure urban environments, serving clients like airports, stadiums, and municipal authorities across North America, with plans for international market expansion. Airspace Defense operates on a B2B model, generating revenue primarily through subscription services and contractual partnerships.

Clients engage through tailored agreements that provide access to drone detection and response capabilities, with a pricing structure that accommodates various client needs. The Airspace Interceptor is a key product in these agreements, contributing to the company's recurrent income as demand for drone security solutions increases. Following the Series A funding of USD 20 mn in March 2018, Airspace Systems, Inc. plans to advance its product lineup, with new innovations expected to be launched by the end of 2023.

The company aims to expand into international markets, particularly targeting Europe and Asia by 2025. The recent funding will support product development and market entry strategies, ensuring they meet the growing global demand for drone security.