OneSky Closes Series A Funding Round Led by Sumitomo Corporation
OneSky, the leading developer of Unmanned Traffic Management (UTM) and Urban Air Mobility (UAM) platforms, today announced that it secured a Series A funding round led by Sumitomo Corporation. This funding will enable significant global expansion and accelerated development of the company’s robust traffic management platforms. Sumitomo’s investment aligns with their focus on air mobility in establishing innovative new transport services.
OneSky is a spinoff of Analytical Graphics, Inc. (AGI), the leading engineering software developer for the global aerospace and defense communities. AGI began exploring the UTM market in late 2014 after determining that their proven aerospace technology directly addresses the technical challenges of the emerging Unmanned Aircraft Systems (UAS) and Urban/Advanced Air Mobility (UAM/AAM) markets. The spinoff enables OneSky to better target these markets while enabling outside investment through this mature Series A funding round.
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. With this advantage, OneSky can offer operationally proven software with a breadth of analytical capabilities unmatched in the market.
Robert Hammett, the Chief Executive Officer of OneSky explained, “The Series A funding from Sumitomo will allow OneSky to accelerate our pursuit of these exciting new aviation markets.” Hammett continued, “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.”
About OneSky
OneSky is a new company from Analytical Graphics, Inc. focused on helping customers plan and operate safe and efficient UAS and UAM/AAM operations. By combining analytical flight dynamics with advanced simulation capabilities, OneSky delivers an enhanced level of engineering and operational analysis to the challenges of UAS and UAM/AAM integration into the national airspace. Leveraging more than 30 years of industry experience and proven aerospace grade software, OneSky delivers real-time situational awareness and decision support with its UTM and operations center solutions. For more information, visit www.onesky.xyz.
About AGI
Analytical Graphics, Inc. (AGI) develops engineering software for the aerospace and national security communities. AGI’s ready-to-use desktop applications, developer tools, and enterprise software provide insights into the four-dimensional world using accurate analytical models combined with compelling visual simulations. AGI’s products and legendary customer support help engineers, operators, and analysts working on land, sea, air and space systems make better decisions in a mission context. For more information, visit www.agi.com.
About Sumitomo Corporation
Sumitomo Corporation (“SC”) is a leading Fortune 500 global trading and business investment company with 132 locations (Japan: 22, Overseas: 110) in 66 countries and regions. The entire SC Group consists of more than 900 companies. SC conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in companies to promote greater growth potential. SC’s core business areas include Metal Products, Transportation and Construction Systems, Infrastructure, Media and Digital, Living Related and Real Estate, Mineral Resources, Energy, and Chemical and Electronics. For more information, visit www.sumitomocorp.com.