Autonomous Flight Company Merlin Labs Raises $105m Series B, Announces Partnership with USAF
Thursday, July 21, 2022
BOSTON, July 13, 2022 /PRNewswire/ -- Merlin Labs, the leading developer of autonomous flight technology for fixed-wing aircraft, announced today that it has raised a $105 million Series B round from Snowpoint and Baillie Gifford, with major participation by existing investor GV. The round follows Merlin's 2021 $25 million Series A round led by GV and First Round Capital, bringing its total funding to $130 million to date.
In the year since the company's emergence from stealth mode, it has achieved several significant milestones that have cemented it as the definitive autonomy system for legacy aircraft, validating its "crawl-walk-run" approach with regulators and partners.
In September 2021, Merlin Labs announced that it had achieved approval of its certification basis for takeoff to touchdown autonomy system as part of a joint project with the US Federal Aviation Administration (FAA) and the New Zealand Civil Aviation Authority (CAA) - the first of its kind in the world.
Also in 2021, the company announced a partnership with Dynamic Aviation as part of its launch, bringing autonomy to the world's largest fleet of Beechcraft King Airs, and then announced its partnership with Ameriflight, the largest Part 135 cargo airline in the United States.
In addition to these milestones, Merlin Labs also announced today a partnership with the United States Air Force to bring autonomy to the service's C-130J Super Hercules transport aircraft, the most-used cargo platform in the fleet. Mirroring its civilian applications, Merlin will help the Air Force enhance safety and operational flexibility.
Merlin's advanced hardware and software technologies allow for increased safety and the possibility of crew reductions in the face of a global shortage of pilots.
The company is hiring.
About Merlin LabsFounded in 2018 and headquartered in Boston, with additional offices in Los Angeles, Denver, Mojave, and Auckland, NZ, Merlin Labs is building the definitive autonomy system for all things that fly. To learn more, visit www.merlinlabs.com or follow us on Twitter @merlinaero.
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SOURCE Merlin Labs
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