Zurich-based aviation technology company, Assaia, has secured $26.6 million in an oversubscribed Series B funding round, led by European investment firm Armira Growth with participation from existing investors.
- Founded in 2015 by Christiaan Hen and Max Berkemeier, Assaia specializes in AI-driven solutions for airport operations. The firm develops software platforms designed to optimize the aircraft turnaround process, providing real-time visibility and automation across apron operations.
- Assaia’s core products include TurnaroundControl, which monitors and manages the sequence of ground operations for arriving and departing aircraft, and StandManager, a planning module that uses AI to assign gates and stands before aircraft land. Additional solutions track safety compliance and emissions, enabling airports and airlines to monitor operational performance, reduce ground delays, and improve predictability.
- The platform works by integrating data from sensors, cameras, and airport operational systems to provide a unified view of apron activities. AI algorithms analyze this data in real time to identify delays, unsafe behaviors, and inefficiencies, allowing ground operations teams to adjust workflows proactively.
- Assaia’s system is deployed at major international hubs, including New York JFK, London Heathrow, Dubai International, Toronto Pearson, and Seattle-Tacoma International Airport.
Details of the deal
- The Series B round was led by Armira Growth, a Munich-based venture capital firm that provides €10–100 million in growth capital to fast-growing European tech companies. The firm recently raised €200 million for its inaugural Armira Growth Fund I, targeting the growth financing gap in the DACH region.
"We focus on investing in resilient business models that demonstrate a distinct technological advantage, and Assaia exemplifies that. Its AI platform is already transforming airport operations and helping the aviation industry navigate some of its most complex challenges. We are excited to support Assaia's next phase of growth and to help them scale a product that is truly resonating with a wide range of customers worldwide," claims Christian Figge, Managing Partner at Armira Growth.
- Assaia will use the fresh funding to scale its AI platform globally, launch new solutions, and develop the next-generation StandManager, a planning module that optimizes gate and stand assignments.
- The funding will also support accelerating adoption in key markets like the US, improving operational efficiency at airports, and strengthening existing results.
