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Poseidon Aerospace secures $60M Series A, plans pilotless cargo plane test flight by year-end

Poseidon Aerospace raised a $60M Series A led by TQ Ventures, following an $11M seed, and plans the first test flight of its pilotless cargo plane by year-end.

WHY IT MATTERS

The funding signals continued investment in autonomous aviation, with the company targeting a test flight by year-end. The material does not specify the technology or engineering approach, so the practical implications for engineers are not detailed.

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The three things worth knowing

01

Poseidon Aerospace raised a $60M Series A led by TQ Ventures.

02

The company previously raised an $11M seed.

03

It plans the first test flight of its pilotless cargo plane by year-end.

THE CLUSTER

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Techmeme Poseidon Aerospace, which plans the first test flight of its pilotless cargo plane by year-end, raised a $60M Series A led by TQ Ventures, after an $11M seed (Sean O'Kane/TechCrunch) Open ↗