Palo Alto, Calif.-based uAvionix Corp. – a provider of communications, navigation and surveillance (CNS) solutions for manned and unmanned aircraft – has closed a $5 million round of funding led by new investor Airbus Ventures and with continuing participation from existing investors Playground Global and Redpoint Ventures.
uAvionix also expects to announce additional participants in this Series B round shortly. This investment brings the company’s total funding to $10 million, further accelerating its product development and global expansion.
Since its founding in 2015, uAvionix has launched over 20 products, including ADS-B transceivers, receivers, Mode A/C/S transponders and GNSS position sources for general aviation, drones and airport surface vehicles.
With its lead investment in this round, Airbus Ventures’ CEO, Thomas d’Halluin, joins uAvionix’s board of directors.
“At Airbus Ventures, we’re constantly on the lookout for innovative companies enabling future airspace integration for both unmanned aircraft and eVTOL transportation,” notes d’Halluin. “In a remarkably short span of time, uAvionix has emerged as both product and thought leaders in this critical space. Airbus Ventures is excited to come on board and help further propel its success.”