Daedalean completes $58m (CHF 53M) finance round

Daedalean AG has closed a finance round of CHF 53M (USD 58m) by a consortium of investors that includes Carthona Capital, Amino Capital, Redalpine Venture Partners, and Honeywell Ventures.

Daedalean is developing the next generation of AI-based systems for application in safety-critical flight control for new eVTOL and existing aircraft. The raised capital provides the company with the runway to bring its Machine Learning based Visual Guidance, Navigation and Control suite to market over the next four years.