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Xwing Raises $40M at $400M Valuation


Xwing, a San Francisco, CA-based automation company for aviation, raised $40m in funding at a $400m valuation.
The round, which brought total capital raised to $55m, was led by Blackhorn Ventures, with participation from ACME Capital, Loup Ventures, R7 Partners, Eniac Ventures, Alven Capital and Array Ventures.
The company intends to use the funds to scale its innovation and team. 
Led by Marc Piette, CEO and founder, Xwing has developed autonomous technology for regional air cargo. Its human-operated software stack integrates with existing aircraft to enable regional pilotless flight.
The company recently completed a fully autonomous gate-to-gate demonstration of a commercial cargo aircraft that saw a Cessna Grand Caravan 208B leave the gate, taxi, take-off, land and return to the gate entirely on its own. The flight took place in February 2021 and was remotely monitored from the company’s mission control center in Concord, California. All air traffic control ....

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Xwing conducts first fully autonomous gate-to-gate cargo flight


By Pilar Wolfsteller2021-04-15T22:43:00+01:00
Autonomous aircraft company Xwing says its Cessna Grand Caravan 208B has completed its first ”fully autonomous gate-to-gate demonstration of a commercial cargo aircraft”.
Xwing, a startup based in the San Francisco Bay area, says its specially outfitted Cessna Grand Caravan 208B conducted a flight that had it leave the gate, taxi, take-off, land and return to the gate entirely on its own.
The company says on 15 April that the flight took place in February 2021 from and to Concord, California, and although video shows that there was a safety pilot in the cockpit, all traffic control interactions were done from the ground. ....

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Autonomous aviation startup Xwing hits $400M valuation after latest funding round – TechCrunch


Image Credits: Xwing
Xwing has scored another win two months after it completed its first gate-to-gate autonomous demonstration flight of a commercial cargo aircraft. The company said Thursday it has raised $40 million at a post-money valuation of $400 million.
The company is setting its sights on expansion not only tripling its engineering team, but eventually running regular fully unmanned commercial cargo flights.
Xwing has been developing a technology stack to convert aircraft, including a widely used Cessna Grand Caravan 208B, to function autonomously. But it’s had to solve a few problems first: “the perception problem, the planning problem and the control problem,” Xwing founder Marc Piette explained to TechCrunch. The company has come up with a whole suite of solutions to solve for these problems, including integrating lidar, radar and cameras on the plane; retrofitting the servomotors that control the rudder, braking and other functions; and ensuring al ....

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