Boeing welcomes third group of startups to UK-based accelerator
- They join startups from the first two cohorts that have gone on to raise more than £50 million in additional funding and create more than 100 jobs across the UK.
- Startups using AI and autonomous technology to solve key challenges across aerospace and defence were chosen from 148 applications worldwide.
- GKN Aerospace and the Ministry of Defence’s Defence and Security Accelerator (DASA) are programme partners, providing the cohort with industry insights and expertise.
LONDON, January 17, 2022 - Boeing [NYSE: BA] is welcoming 10 new companies to join the third cohort of Aerospace Xelerated, its UK-based startup accelerator whose first two groups have gone on to raise more than £50 million in additional funding and create more than 100 jobs across the country.
Startups using artificial intelligence (AI) and autonomous technology to solve key challenges across aerospace and defence were chosen among 148 applications from around the world for the 12-week programme. The startups will benefit from an optional £100,000 equity investment from Boeing, introductions to a network of investors and the wider industry. A Boeing-themed week of meetings and workshops began today.
“We are proud to see the accelerator’s continued success despite the industry headwinds of the last two years, and we are equally impressed by what our startup alumni have been able to accomplish during this time,” said Sir Martin Donnelly, president of Boeing Europe and managing director of Boeing in the UK and Ireland. “We look forward to meeting another dynamic group of companies, and helping them chart their futures.”
Boeing is the industry sponsor for Aerospace Xelerated, formerly known as the ATI Boeing Accelerator. GKN Aerospace and the Ministry of Defence’s Defence and Security Accelerator (DASA) are programme partners, providing the cohort with industry insights and expertise.
“Through the accelerator we have developed tremendous partnerships with innovative companies across the UK and beyond,” said Anna Keeling, managing director of Boeing Defence UK. “Combined with Boeing’s own commitment, these startups are contributing to the UK’s prosperity while at the cutting edge of aerospace and defence. We are delighted to begin the journey again, and especially so with DASA.
The companies are:
- Amygda (Derby, UK) – A data observability platform for smart maintenance in high-value asset industries to reduce unnecessary maintenance and increase the reliability and sustainability of assets.
- The Airline Pilot Club (Dublin, Ireland) – A digital talent marketplace using AI and behavioural science to break down barriers to entry and improve quality standards in the pilot selection, training and recruitment process.
- Axion (US) – An AI-powered proactive management platform for engineering and quality leaders to accelerate development.
- Flare Bright (Aylesbury, UK) – The machine-learning company enables drone manufacturers to build digital twins to rapidly speed up the long test and evaluation process, running many times faster than real-time to optimise for more confident real-world tests.
- LexX Technologies (Melbourne, Australia) – LexX uses AI, machine learning and natural language processing to empower aircraft maintenance technicians to bring their data, knowledge, and experience together in one efficient and intelligent solution.
- Neurobotx (US) – The first neuromorphic AI platform for autonomous navigation, capable of one-microsecond obstacle detection and decision making based on big data, inspired by energy-efficient brain navigation.
- Pegasus Imagery (Edmonton, Canada) – Develops autonomous aircraft and sensor systems to connect industry and government end-users with on-demand aerial imagery to solve challenges at scale.
- Sees.ai (Chichester & London, UK) – Building the most advanced connected, autonomous command and control solution to enable safe and scalable unmanned flight in even the most challenging circumstances.
- Seidr (South Wales, UK) – A virtual learning and testing environment for crisis situations. Using immersive technology to generate novel conditions in safe-to-fail environments, so that plans and learning can be validated within evolving situations.
- TOffeeAM (London, UK) – A SaaS company providing an integrated cloud-based solution for advanced manufacturing.
The companies will have access to strategists and technical experts for support in developing proof of concept opportunities and will receive mentoring from a global network of experienced entrepreneurs and investors. They also will receive more than £100,000 in programme perks from partners including startup providers Amazon, HubSpot, SeedLegals, and many more.
For more information, visit: https://xelerated.aero.
About Boeing in the United Kingdom: Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defence, space and security systems, and global services. The company supports commercial and government customers in more than 150 countries, and leverages the talents of a global supplier base. Boeing has a UK workforce of more than 2,500 direct employees across the country and spends £2 billion a year in the UK supply chain. For more information visit www.boeing.co.uk or follow us on Twitter @BoeingUK.