article thumbnail

Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion 

TechCrunch

Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development,” said Terra Drone CEO and founder Toru Tokushige , who is also serving as the CEO of Terra Motors, which develops electric vehicles. The global UAM market is projected to increase to $1.5

article thumbnail

Joby Aviation acquires Avionyx to accelerate aerospace software certification

TechCrunch

Avionyx’s experience in the sector will be able to help Joby advance operations at its Vehicle Software Integration Lab in Marina, California, where Joby uses flight and hardware simulators to rapidly conduct thousands of pre-programmed tests to validate and verify the performance of its different aircraft software systems.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Private cloud makes its comeback, thanks to AI

CIO

Nearly a third (31%) of respondents said they are building internal private clouds using hybrid cloud management solutions such as software-defined storage and API-consistent hardware to make the private cloud more like public cloud, Forrester adds. billion in 2024, and more than double by 2027. billion in 2024, and more than double by 2027.

Cloud 215
article thumbnail

New Distribution Capability (NDC) in Air Travel: Airlines, GDSs, and the Impact on the Industry

Altexsoft

Two fundamental needs connect all airlines: revenue and passenger satisfaction. To be able to sell ancillaries to the passengers and be more profitable, airlines struggle to deliver personalized content to their travelers. Lufthansa, British Airways, American Airlines, and Iberia were the first to adopt NDC. What is NDC?

article thumbnail

Craft Aerospace’s novel take on VTOL aircraft could upend local air travel

TechCrunch

Heart Aerospace raises $35M Series A, lands order with United and Mesa Airlines for 200 aircraft. The company also just announced a letter of intent from JSX, a small airline serving low-friction flights on local routes, to purchase 200 aircraft and the option for 400 more if wanted.

Travel 269
article thumbnail

4 eVTOL trends moving the air taxi industry closer to takeoff

TechCrunch

Unlike commercial jets, which are indistinguishable to the average airline passenger, most eVTOLs have strikingly different designs. When I say reality, I’m talking about some degree of scale and maturity – commercial eVTOLs flying paying riders at scale in a long-term market.

Trends 237
article thumbnail

The air taxi market prepares to take flight

TechCrunch

Partnerships with major automakers and airlines are on the rise, and CEOs have promised commercialization as early as 2024. The field is now dotted with new or soon-to-be publicly traded companies courtesy of mergers and special purpose acquisition companies.

Marketing 277