Aviation Startups News Today : Breaking News, Live Updates & Top Stories | Vimarsana

California-based startup Airspace plans to use the $38 million Series C funding it secured earlier this year to fuel international expansion and product diversification. Founded in 2016, Airspace is a multimodal delivery network for time-critical logistics that uses human resources, automated machine learning and artificial intelligence to create optimal shipping routes for urgent shipments. The […]   Username

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Aviation startups face a unique challenge when fundraising. With years — or even decades — before their products can come to market, it's difficult to find traditional investors willing to wait that long to see a return. The startups also face significant capital expenses as they work to develop new hardware, not just software or e-commerce solutions. The CEO of hydrogen plane startup ZeroAvia — which just raised $21.4 million in its Series A funding r...