OneSky, a developer of unmanned traffic management (UTM) and urban air mobility (UAM) platforms, has secured a Series A funding round led by general trading corporation Sumitomo.
OneSky describes itself as a spinoff of Analytical Graphics, an engineering software developer for the global aerospace and defence industries that has been in the UTM market since 2014.
The funding will allow OneSky to pursue significant global expansion, as well as accelerating the development of its traffic management technologies.
OneSky has exclusive access to AGI’s core software technology compromised of more than seven million lines of aerospace software code developed at an expense of over $200 million.
Meanwhile, Sumitomo’s investment aligns with its focus on air mobility in establishing innovations in transport.
Robert Hammett, CEO of OneSky, explained: “The Series A funding from Sumitomo will allow OneSky to accelerate our pursuit of these exciting new aviation markets. “As the UAS and AAM efforts advance, and operating standards and regulations put in place, OneSky is well positioned to enable the safe integration of these innovative air platforms and services.”