Avionix Corporation – a provider of communications, navigation, and surveillance (CNS) solutions for manned and unmanned aircraft – announced that it has closed a $5 million round of funding led by new investor Airbus Ventures and with continuing participation from existing investors Playground Global and Redpoint Ventures.
uAvionix also expects to announce additional participants in this Series B round shortly. This investment brings uAvionix’s total funding to $10 million, further accelerating its product innovation and global expansion.
The new equity funding fuels expansion of the company’s product line and services in both unmanned and manned aviation. uAvionix’ signature capabilities for uniquely innovating lower size weight and power consumption (SWaP) products achieve attractive price points for a wide range of high quality products: since its founding in 2015, uAvionix has launched over 20 successful products including ADS-B transceivers, receivers, Mode A/C/S transponders, and GNSS position sources for general aviation, drones, and airport surface vehicles for both the certified and uncertified markets.
With its lead investment in this round, Airbus Ventures CEO Thomas d’Halluin joins uAvionix’s Board of Directors.
“At Airbus Ventures, we’re constantly on the lookout for innovative companies enabling future airspace integration for both unmanned aircraft and eVTOL transportation,” notes d’Halluin. “In a remarkably short span of time uAvionix has emerged as both product- and thought- leaders in this critical space. Airbus Ventures is excited to come on board and help further propel its success.“
Paul Beard, CEO uAvionix adds,
“We wouldn’t be where we are today without the pioneering investment team of Playground Global and Redpoint Ventures, and we are honored they continue to believe in us and our mission and decided to invest further in this round. Now with the addition of Airbus Ventures and the powerhouse it represents, we couldn’t be more thrilled about what will be achieved together.“
Source: Press Release
Glad to hear that you guys got more O2 for the business, and I am also waiting to buy your “certified” ADSB wing tip gizmo.
But since you are now rolling in the though why don’t you take the SkyBeacon and split it into two pieces I would like the blade on the bottom of my Sierra and the GPS receiver on the top. a simple RJ connector to tie the units together would make this an inexpensive two piece solution. I like the blade on the bottom of the aircraft and GPS back on the tail above the Battery box. Easy and fun (for me install). Make more than one product, the winglet thing is very cool and the top bottom set up is for us A&P types who work on our own airplanes (IE free labor).