Moonware Closes $7 Million Seed Round to Advance Automated Airfields
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.
