£1.2m backing for airport operations SaaS provider as it expands US offering
AeroCloud Systems has announced seed investment of £1.2m, led by VC fund Playfair Capital.
Cheshire-headquartered AeroCloud is a cloud-based airport management solution providing real-time data to enable management of critical operations.
Its predictive AI, resource management & planning system identifies future passenger flow ‘with 97% accuracy’ to ensure maximum visibility of operational demand and optimised communication with airlines, ground operations, and tenants.
The cloud-based platform has been built on leading edge technology keeping the price point within the reach of small to medium sized airports.
The business, based in the US and UK, has deployed their platform in major airports including Tampa International and John Wayne in California.
This investment will drive further growth in North America and enable key hires.
One such hire is new Director of Airport Engagement and industry veteran Andrew Hoppe, who joins from competitor ADB Safegate. Andrew has been working with airports, airlines, and the transportation sector in technology sales roles since 2014.
CEO George Richardson and CTO Ian Forde-Smith launched AeroCloud in 2017 to address a gap in the legacy airport operations market. They felt previous solutions were too expensive, not focussed on customer needs, and not innovating fast enough.
George said: “Myself and my co-founder, Ian Forde-Smith, always felt the airport operations sector was an underserved market that we could have a huge impact on. And we’ve shown that a combination of genuinely innovative technology and great service is really resonating with the airports we speak to.
“The pandemic has given us an opportunity to show airport executives how our platform can optimise their operations and save them costs when they’ve needed to most.
“As vaccination programmes ramp up around the world, air travel is set to make a big comeback in the US and then Europe, our two key markets. We’re incredibly excited about the opportunity this presents us to rapidly accelerate the growth of our business.”
Andrew Hoppe, Director of Airport Engagement, North America, AeroCloud Systems, commented:
“I’ve joined after witnessing AeroCloud deploy AI-driven gate management systems at airports overnight, and in the process save 80% on IT and maintenance costs.
Since coming onboard, I’ve been able to see for myself that they are unequivocally the most innovative and customer-centric software company in the aviation space.”