Xwing Raises $40M at $400M Valuation

▤ Summary

Xwing, a San Francisco, CA-based automation company for aviation, raised $40m in funding at a $400m valuation. 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.

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