1 minute read
Aeroficial Intelligence
from Startup Guide Graz
by stadtgraz
[Name]
[Elevator Pitch]
[The Story]
Aeroficial Intelligence
In 2017, while working at a former leading airline, the founding team came together in Graz to discuss how surveillance data could be used to help the aviation industry reduce emissions and how they could generate valuable insights on operations efficiency. The startup took part in the Singapore Aviation Accelerator and was selected from a pool of hundreds of applicants as one of the most promising startups from around the world to calculate potential carbon emission savings for descents into Singapore. Over the years, Aeroficial Intelligence has used different data sources in the aerospace field to build business-intelligence applications such as their Performance Cockpit, which provides optimization solutions in capacity improvement, emission saving and big data analytics to airports, air navigation service providers, civil aviation authorities and aircraft operators. Since its inception, Aeroficial Intelligence has won several industry competitions, including the Galileo Masters in 2019.
Graz as a city is modern and innovative, driven by universities, students and established tech companies and accelerators, and this has been valuable to Aeroficial Intelligence’s growth. The team’s next goal is to prepare the company for international market growth, and the team is now open to partners who could help accelerate the business further.
[Funding History] [Milestones]
Seed Pre-Seed
Aeroficial first raised significant capital in early 2018 when it was selected by the European Space Agency (ESA) Business Incubation Center in Austria. During the company’s first years, it was awarded funds from the aws (Austria Wirtschaftsservice) preseed program. Currently, it’s at a seed stage and working on becoming independently financed based on software sales revenue. Launching the product Performance Cockpit in one of the leading air-traffic institutions of the world in Qatar.
Being selected by the Singapore Aviation Accelerator as one of the most promising startups in our category.
Being awarded as both the Austrian and Overall Winner of the Galileo Masters with the Performance Cockpit.
Being recognized by the ESA BIC program, which helped in the foundation of the business.
