News Summary

• The round was led by Spark Capital and joined by participants including Citadel Securities, Craft Ventures, Meritech Capital, Energy Impact Partners and Andreessen Horowitz.
• The startup, which used to be known as Air Space Intelligence, is an AI company that develops frontier models designed to model physical reality and simulate future scenarios.
• In June, it signed an $875 million multiyear agreement with the FAA to manage future air traffic across the u.s. with its AI platform.