Fri.Apr 16th , Apr 2021 12:11:17 PM
Airspace generates $38Mn in Series C Funding, secures $70M till date

Post its recent stint in launching an all new office in Amsterdam, shipping services firm Airspace Technologies, Inc. has reportedly announced securing over USD 38 million in Series C funding round led by Telstra Ventures, and co-led by HarbourVest Partners. This new series funding now has totaled the company’s shares to about USD 70 million.

Reports have it that other participants that were a part of the funding round include Scale Ventures, Qualcomm Ventures, Defy Partners, and Prologis Ventures.

For the record, Airspace enjoys the popularity of being a company which has revolutionized the global industry, ensuring that the critical packages are delivered with more precision and at a much faster pace, all thanks to a deep layer of machine learning technology.

The company’s real-time data and transparency on every shipment has enabled over 200 customers to rely on Airspace to deliver their time-critical shipments across the areas of Europe and North America.

Commenting on the recent accomplishment, Co-Founder and CEO at Airspace- Nick Bulcao cited that the company’s latest Series C finding has allowed the company to continue its rapid growth and succeed not only in the United States, but also abroad.

He added that the firm is also looking forward to expanding its services and the market by offering customers with advanced technology, full transparency, and the fastest delivery options in the global industry.

Mr. Bulcao further stated that Airspace has already accomplished some of the prominent feats, including its part in saving over one lakh lives since it began the shipment of organs across the States and globally. Besides, the massive support from its investors has enabled Airspace to continue developing enhanced and innovative solutions for its customers worldwide.

It would be essential to state that the managing partner of Telstra Ventures- Mark Sherman would join Airspace’s Board of Directors and would share the responsibility equally with other board members for future investment decisions.

Source Credit: https://www.prnewswire.com/news-releases/airspace-secures-38-million-in-series-c-funding-led-by-telstra-ventures-301214989.html

By Priya Deshmukh

Priya started her professional journey with a career in content writing. Endowed with an MBA degree in Marketing, she believes in the power of content and its prominence in today’s fast-paced world of online marketing. Priya writes news articles for people.partilepep.com across business, technology, healthcare, and other areas of interest.