Airspace is a time-critical logistics tech company that operates a global delivery network aimed at accelerating and improving time-sensitive shipments. Led by co-founder and CEO Nick Bulcao, the company provides real-time, data-driven notifications and tracks over 16,000 touchpoints within a shipment. It serves numerous Fortune 500 customers across healthcare, aerospace, semiconductor, and automotive manufacturing. Airspace has offices in Carlsbad, Dallas, Amsterdam, and Stockholm and employs more than 300 people. The company plans to use new funding to accelerate market penetration in Europe, expand into Asia, build out its core business, launch expedited freight service lines, and enter new verticals including semiconductor, automotive, and cleantech. To date, Airspace has raised $138M in total funding. Airspace operates a global delivery network focused on time-critical and scheduled logistics, leveraging software, people, and a courier network to move urgent shipments such as organs, lab tests, PPE, and vaccines. The company uses a patented Logistical Management System that applies machine learning and AI to generate optimal shipping routes in seconds versus the industry standard of roughly 30 minutes. Airspace serves over 200 enterprise customers across healthcare, high-tech, manufacturing, and aerospace, including Labcorp, Quest Diagnostics, Frontier Airlines, and the American Red Cross. The business reports 200 employees, has shipped more than 200,000 packages to date, and estimates its deliveries have positively affected over 180,000 lives. It assisted pandemic relief by moving thousands of COVID tests daily and acted as a primary logistics provider for vaccine distribution in California. Airspace opened an office in Amsterdam and plans to open additional offices in Europe and Asia as it continues international expansion. The company says it is on pace to grow by over 100% in 2021 and has raised funding that supports continued technology and geographic growth. Airspace Technologies provides a tech platform for time-definite delivery and supply chain services, offering automated quoting, routing and real-time notifications for priority shipments. The company operates a global contractor network that connects businesses directly with drivers (called "commanders") to speed deliveries, increase transparency and reduce cost. Its proprietary algorithms and datasets are used by over 100 companies, including LabCorp, FedEx and Frontier Airlines. Founded in 2015 and led by CEO Nick Bulcao, the company is based in Carlsbad, Calif. Airspace intends to use the new funding to expand globally and accelerate its delivery network and enterprise software platform. The business focuses on time-critical logistics and enterprise customers. Airspace Technologies offers time-definite delivery and supply chain services through an integrated platform and a nationwide network of vetted 1099 driver-partners. Its platform uses proprietary routing algorithms to automate planning for the fastest possible deliveries and enables real-time communication with customers for critical shipments. Driver-partners opt into the platform via the Mobile Application CommanderConnect™ and support high-value loads such as aircraft parts and human organs for transplant. Since its inception in 2015, the company has focused on healthcare, high-tech/semiconductor, and aerospace markets and has customers including LabCorp, FedEx, and Frontier Airlines. The company has built a nationwide network of 1099 driver-partners and currently employs over 50 people. It plans to use the new funding to hire more than 40 additional employees and further develop its delivery network and software platform.

Total raised

$136M

Funding rounds

4

Latest round

Equity

Latest activity

May 2022