XWING
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 1.4m | 2.9m | 3.9m | 17.5m | 17.5m |
% growth | - | 104 % | 34 % | 349 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$4.0m | Seed | ||
$850k | Grant | ||
* | $10.0m | Series A | |
$14.0m | Series A | ||
$40.0m Valuation: $400m | Early VC | ||
N/A | N/A | - | |
Total Funding | $68.9m |
Recent News about XWING
EditXwing is a pioneering startup in the aviation industry that specializes in uncrewed flight technology for any type of aircraft. The company has developed a modular autonomy system that leverages the latest advancements in sensor technology and processing methods to enable full autonomy of aircraft, with no pilot onboard. Instead, the pilot supervises the aircraft remotely from a ground control station.
Xwing's technology is designed to serve a wide range of clients, including aircraft operators, aerospace manufacturers, and defense partners. It operates in the aviation market, specifically in the unmanned aerial system (UAS) sector. The company's business model is centered around providing safe and effective autonomy solutions that can be integrated into any product line. This technology can be retrofitted into existing platforms or customized for novel designs.
The company generates revenue by selling its platform-agnostic technology to clients who are looking to lower operational and labor costs, increase safety, and improve aircraft utilization and network flexibility. Xwing's technology is also applicable to defense and government sectors, where it can be used to avoid exposing pilots to high-risk scenarios or automate routine missions such as cargo delivery, ISR, medivac, aerial firefighting, and other missions.
Xwing has the distinction of being the first Standard Category large UAS to receive official project designation from the Federal Aviation Administration (FAA). This means that its system is designed to be certified and operated without a pilot onboard, further enhancing safety in both piloted and autonomous aircraft.
Keywords: Uncrewed Flight, Autonomous Aircraft, Sensor Technology, Ground Control Station, Aviation Market, Platform-Agnostic Technology, Operational Cost Reduction, Aircraft Safety, FAA Certification, Defense and Government.