ASI raises $325 million as valuation reaches $3 billion

ASI sells AI software across aviation, defense and energy, with the new funding supporting expansion of its system. According to The Next Web, the software models air traffic, power grids and military operations hours to weeks ahead, aiming to help operators intervene before problems spread through those systems.

• The funding is a Series C round, according to The Next Web.
• Co-founder Phillip Buckendorf initially focused on flight dispatch, according to RuntimeWire.

Covered by 3 publishers within 7 hours of the first report.

• Bloomberg: ASI Hits $3 Billion Valuation in $325 Million Funding Round

Reporting3

BL Bloomberg ASI Hits $3 Billion Valuation in $325 Million Funding Round · Ed Ludlow and Rebecca Torrence 10:00 AM

RTW RuntimeWire ASI raises $325M at $3B to expand its airline-born AI into defense and energy · RuntimeWire Staff 12:59 PM

TNW The Next Web ASI hits a $3bn valuation as its AI moves from air traffic to the grid · Cristian Dina 4:31 PM

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