ASI hits a $3bn valuation as its AI moves from air traffic to the grid
The Boston start-up beat Palantir and Thales to an $875 million air traffic contract in June. Now it wants to take its forecasting software into energy, logistics and the military.
Via TNW | Investors-funding
ASI has raised $325 million in a Series C round that values it at $3 billion, the Boston AI company announced on Tuesday. Its software models air traffic, power grids and military operations hours, days and weeks ahead. The aim is to let operators act before problems spread.
Spark Capital led the round. Affiliates of Citadel Securities, Meritech Capital, Craft Ventures, Energy Impact Partners and Andreessen Horowitz also took part. The company used to go by the name Air Space…
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