ASI raises $325M, reaches $3B valuation
SiliconANGLE: AI infrastructure management software startup ASI hits $3B valuation after raising $325M in funding
An artificial intelligence startup called ASI Inc., which builds complex models of air traffic and energy grids, said today it has scored $325 million in a Series C funding, bringing its valuation to a cool $3 billion. The round was led by Spark Capital and joined by participants including Citadel Securities, Craft Ventures, Meritech Capital, […] The post AI infrastructure management software startup ASI hits $3B valuation after raising $325M in funding appeared first on SiliconANGLE.
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ASI Inc. is an artificial intelligence startup that develops software to model and simulate critical infrastructure like air traffic systems and energy grids, allowing operators to predict problems and plan operations in real time. The company raised $325 million in funding, bringing its valuation to $3 billion, with backing from multiple investment firms. ASI matters because it has secured major government contracts, including an $875 million agreement with the Federal Aviation Administration to manage U.S. air traffic and a $99 million contract with the U.S. Army for command-and-control software, positioning it as a significant player in infrastructure management technology. The company's focus differs from broader AI development, concentrating instead on systems designed to manage and control physical assets in aviation, defense, and energy sectors.
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