Flight autonomy software developer Shield AI closed a $240 million Series F-1 round in March that raised its valuation to $5.3 billion from $2.7 billion.
Edge Group’s new Powertech unit has secured a first engine order weeks after the United Arab Emirates (UAE) defense company set up the propulsion business.
Rune Aero is using an interactive virtual wind tunnel powered by physics-based machine learning algorithms to optimize an autonomous cargo aircraft design.