AeroCloud, a provider of airport software, has announced expansion plans after raising $12.6 million in investment.
The British company announced the Series A funding in a news release on Monday (Feb 20), stating that it will help it build what it says is the only cloud-native solution in its industry.
“Airports are fast-paced environments that need the efficient coordination of numerous facets in a high-pressure environment, from security to passengers and airlines,” the company says.
“A lack of coordination between these several factors can have an influence on an airport’s performance; in certain situations, airports operate at less than 66% capacity.”
AeroCloud says that its artificial intelligence and machine learning-powered technology assists airports in areas like as passenger processing speeds and self-service check-in.
According to the company, its cloud-based solution allows companies to have an unlimited number of licenses, “allowing an airport’s entire stakeholder base to utilize the platform at no additional expense,” and from any device, regardless of where the airport’s workforce is situated.
AeroCloud’s new funding comes at a time when the airline industry is dealing with a number of difficulties, as United Airlines CEO Scott Kirby stated during an earnings call last month.
Among these are pilot scarcity, a COVID-related staff shortage, supply chain concerns, and unpredictability in weather.
“With the exception of network carriers, the FAA and most airlines have outgrown their technology infrastructure and can no longer function reliably in this increasingly sophisticated environment,” Kirby said.
The reference to FAA infrastructure was made following a system failure on Jan. 10 that grounded flights throughout the country for a day.
Yet, several companies are utilizing technological breakthroughs to reduce some of the discomfort involved with airport travel.
