ASI Raises $325M Series C at $3B Valuation, Led by Spark Capital, for Critical-Infrastructure AI
ASI (Airspace Intelligence) announced a $325M Series C at a $3B valuation on Oct. 20, led by Spark Capital, with affiliates of Citadel Securities, Meritech, Craft Ventures, Energy Impact Partners and a16z participating. ASI says it holds an $875M FAA/DOT program of record and a $99M US Army award — company claims.
Investors are still paying defence-and-infrastructure multiples while AI stocks wobble. ASI (Airspace Intelligence), a Boston company that builds AI systems for managing physical assets, on Tuesday, October 20 announced a $325 million Series C at a $3 billion valuation. Spark Capital led, with affiliates of Citadel Securities, Meritech, Craft Ventures, Energy Impact Partners and a16z taking part, the company said.
ASI says its contracts include an $875 million US Department of Transportation and FAA program of record to modernise the National Airspace System and a $99 million US Army award tied to Next Generation Command and Control. It says it supports more than 4,000 Air Force operators and works with Delta, Alaska, United and National Grid. The money is for energy, logistics and tactical-edge deployments and for its Boston research and engineering teams. Those contract and customer figures are ASI's own claims; we did not check them against government award databases.
The Boston Business Journal, in a paywalled headline and description, called the round the region's most valuable AI startup raise ahead of Liquid AI; only that metadata was visible here.
Limits
- Federal contract amounts and customer deployments are company claims.
- BBJ comparison to Liquid AI was read only as headline/description.