Moonware, an aviation tech startup, has successfully closed a $7 Million seed round, marking a pivotal moment in the company’s mission to revolutionize the aviation industry. This new funding, co-led by venture capital firms Third Prime and Zero Infinity Partners, with participation from The House Fund, Lorimer Ventures, and strategic private investors, positions Moonware as a dynamic and well-capitalized player ready to address operational inefficiencies in the aviation sector.
The fundraise announcement comes on the heels of successful product launches across two US airports, with British Airways and dnata at JFK and Aerocharter at LAX. In tandem with the company’s successful commercial launch and initial product-market-fit, this round further underscores the industry’s confidence in the innovative approach Moonware has taken with HALO, the world’s first “Ground Traffic Control” platform powered by AI.
In recent years, the aviation industry has faced widespread disruptions due to delays, cancellations, and logistical challenges, compounded by the inadequacy of existing operational systems to meet modern demands. In this landscape, Moonware’s technology offers a transformative solution, promising to revolutionize the passenger, cargo, advanced air mobility, and military sectors.
Javier Vidal, CEO of Moonware, stated: “Aviation ground operations stand at a critical juncture for necessary technological transformation, with Moonware leading the charge. This new funding round serves as great validation of our vision to modernize the sector and allows us to catalyze a new era of efficiency and innovation for the industry.”
The company’s flagship product, HALO, represents a new approach to ground handling by offering a single, comprehensive operating picture. The software consolidates various aspects of ground operations into one platform, enabling increased awareness and operational efficiency on the ramp. Unlike traditional systems that depend on multiple legacy tools, HALO streamlines process management and decision-making for airlines. This ultimately delivers faster turnarounds, minimized delays, and higher flight throughput, reshaping the aviation landscape for enhanced efficiency and effectiveness.
“We’re excited to continue partnering with Moonware, a burgeoning leader in aviation technology”, said Third Prime General Partner Mike Kim. “This capital infusion sets up the stage for transformative growth, reshaping aviation standards and driving transformation across industries embracing digital evolution.”
“We’re humbled by the support from our incredible team, investors, and customers in getting to this point. We anticipate high growth in the coming years, and this fundraise will serve Moonware to scale globally across a wide range of deployments”, commented Saunon Malekshahi, Moonware’s CTO.
With this funding, Moonware will bolster its R&D efforts and expand its team of top-tier talent drawn from leading Silicon Valley tech firms and aviation industry giants. The fresh capital will not only position Moonware as a leader in the sector but will also reinforce its collaborative ties with airlines and airports, propelling us towards a future defined by automated and intelligent airfield solutions.
For more information about Moonware and its products, visit moonware.com or reach out to contact@moonware.com.
About Moonware
Moonware is a venture-backed startup enabling the next generation of aerial mobility with automated and sustainable airfields. The company is building an integrated ecosystem of AI software and smart vehicles that optimally connect ground crew, aircraft and ground support equipment to efficiently service flights. Moonware’s vision is to handle aircraft fully autonomously from touchdown to takeoff, providing seamless aircraft turnarounds for a streamlined airport experience.
You may also like
March 29, 2023
Altaport announces new partnerships on vertiport automation
Aerodrome automation systems developer Altaport has announced new partnerships on an advanced vertiport automation system that will enable it to act…
February 3, 2023
Skyway and Moonware Partner on Automated Ground Solutions for eVTOL Aircraft
Skyway and Moonware have announced a partnership to advance the readiness of ground infrastructure for electric vertical take-off and landing (eVTOL)…
October 30, 2023
Ground handling start-up raises $2m in funding round
Venture-backed aviation tech startup, Moonware has raised over $2 million in its first round of financing. This funding will support the firm’s plan…
February 2, 2023
Skyway and Moonware Partner in Advanced Air Mobility
Skyway and Moonware Join Forces to Advance Automated Ground Solutions for Next-Generation Aircraft
February 4, 2023
Skyway and Moonware Join Forces to Shape the Future of Air Transportation
Skyway and Moonware Announce Groundbreaking Partnership to Revolutionize the Future of Advanced Aerial Mobility.
April 2, 2024
Moonware Gets Funding for AI-based Ground Handling Software
Venture capital groups have provided $7 million in fresh capital
March 7, 2024
Moonware and IAG announce first partnership at JFK
Moonware has inked a partnership agreement with IAG, the parent company of British Airways, Iberia, Aer Lingus, Vueling and Level.
August 21, 2023
Moonware Secures First Customers for AI-powered ‘Ground Traffic Control’ Software
Moonware initially set out to develop a fully automated ground traffic control system for vertiports using artificial intelligence software and…
August 3, 2023
Moonware’s AI lets airfield ground crews ditch the walkies
The fact that any flight departs on time is a minor miracle, one that requires the precise synchronization of thousands of data points and an equally…
March 13, 2024
Moonware announces launch at LAX with Aerocharter
Moonware has announced a new partnership at LAX with Aerocharter, a leading ground handler.
November 10, 2020
MOONWARE LAUNCHES ITS AUTONOMOUS GROUND HANDLING SERVICE, WITH PLANS FOR THE URBAN AIR MOBILITY MARKET
Moonware has announced its launch as an independent company to provide software as a ground handling service and help automate airports and, in…
August 4, 2023
Moonware To Launch Automated Airfields with $2.5M Pre-Seed Financing
We’re excited to announce that Moonware has raised over $2 million in our first round of financing. This funding will support our mission to enable…
March 8, 2022
3 reasons all founders should get their boots dirty
So many of the vehicles, carts, and other equipment that live on the ramp look like they’re straight out of the 1970s–because they are! While this…
July 14, 2023
Moonware aims to ‘revolutionise’ ground operations with AI-powered software
Tech startup Moonware is looking to transform aviation ground handling operations with its flagship product, HALO.
November 19, 2020
Moonware showcases its autonomous vehicle platform, with plans for urban air mobility
JASON PRITCHARD - 19 NOVEMBER 2020
November 2, 2020
Moonware to develop autonomous ground handling services for Uber Elevate’s skyports — and maybe commercial aviation, too
Uber Elevate has added Moonware, a robotics and software company developing autonomous, electric ground handling vehicles, to its roster of solutions…
November 12, 2020
AUTOMATION COULD BE AVAILABLE FOR GROUND HANDLING OF EVTOL AIRCRAFT
At the conclusion of a year-long joint project with Uber Elevate, California start-up Moonware is stepping up its plans to develop a fully…
April 1, 2022
Destination Autonomy: Digital Twins
Moonware has developed a digital twin solution, HALO, that provides real-time airside visualisation of the status of airfield equipment, indicating…
May 9, 2024
Moonware’s Vision for Ground Traffic Control from the IGHC
At the IATA Ground Handling Conference in Reykjavik, Saunon Malekshahi, co-founder and CTO at Moonware, joins Ground Support Worldwide editor Josh…
February 3, 2023
SKYWAY AND MOONWARE PARTNER TO ADVANCE AUTOMATED GROUND SOLUTIONS
Skyway and Moonware will accelerate ground infrastructure readiness for advanced aerial mobility.
November 20, 2020
Moonware Revolutionizes Air Travel with Uber Elevate to Automate Airports and Skyports
Moonware has announced its launch as an independent company after a successful year-long collaboration with Uber Elevate. Moonware is developing…
March 28, 2023
Altaport and partners prepare for vertiport automation
Announcing new partnerships that are key to their ongoing development of an advanced vertiport automation system (VAS).
April 5, 2024
Moonware Closes $7 Million Seed Round to Advance Automated Airfields
The fundraise announcement comes on the heels of product launches across two US airports, with British Airways and dnata at JFK and Aerocharter at…
November 13, 2020
Autonomous Electric Tow Tugs Could Cut Handling Costs
Californian start-up Moonware is stepping up its plans to develop a family of electrically powered tow tugs that it says could transform the ground…
February 3, 2023
SKYWAY AND MOONWARE PARTNER ON AUTOMATED GROUND INFRASTRUCTURE FOR EVTOL OPERATIONS
Skyway Technologies has partnered with Moonware to help prepare vertiports and other ground infrastructure for the impending arrival of…
August 21, 2024
Moonware Wins Gold Stevie Award for Technology Excellence
Moonware has won the Gold Stevie Award in the New Product Category. This prestigious accolade, regarded as “the Olympics for technology”, underscores…