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Comment: The company's press releases don't count for notability. They should be moved out of the article body to the external links section. LeapTorchGear (talk) 17:09, 11 June 2024 (UTC)
| Company Type | Private |
|---|---|
| Industry | Logistics Freight Forwarder Supply Chain Management |
| Founded | 2016 [1] |
| Founders | Nick Bulcao, Ryan Rusnak[2] |
| Headquarters | Carlsbad, CA |
| Revenue/Growth | - |
| Number of Employees | 300 [1] |
| Website | Airspace.com |
Overview
editAirspace is a global time-critical logistics company that uses a proprietary AI and machine learning platform to find and execute the fastest possible route for time-critical packages and fulfills shipments via a team of Airspace Operations Specialists [1]. The company aims to eliminate delays and errors caused by human dispatchers and traditional logistics processes; Airspace accomplishes this through automation and predictive machine learning. Airspace captures more than 16,000 different data points along a delivery [3] and uses that data to provide a quote and a route in under 1 second [3]. It provides customers with real-time tracking of driver location, status, estimated time of arrival, and other milestones [4].
The company has focused on key markets including healthcare, high-
tech/semiconductor, and aerospace [5]. Over 100 companies, including LabCorp,
FedEx, Frontier Airlines [6], Alaska Airlines, Quest Diagnostics, and the American Red
Cross [4] utilize or have utilized Airspace’s services.
The company’s Board of Directors includes founder Nicholas Bulcao, Gary Kornfield,
Neil Sequeira, founder of Defy VC [7], Stacey Bishop of Scale Ventures [8], Mark
Sherman of Telstra Ventures [9], Ira Ehrenpreis, founder and managing partner at DBL
Partners, and Joel Hwang, principal of HarbourVest [10].
History
editAirspace was founded in 2016 in Carlsbad, California by CEO Nick Bulcao and CTO
Ryan Rusnak to address challenges in time-critical shipping [11]. The company has
offices in Carlsbad, California, Dallas, Stockholm, Penang, and Amsterdam [12].
The company’s mission is to eliminate the risks of complex & critical shipping by giving
shippers control over their supply chains[11].
In 2019, Airspace was selected as one of CNBC’s Upstart 100 [13]: a list of the
“brightest, most intriguing, young startups promising to become the great companies of
tomorrow”.
In 2020, the company added executives Ben Kozy (COO), and Alex Coates (President
and CFO) [14].
Airspace expanded internationally, opening up an office in Hoofddorp, Netherlands in
2020 [15], and offers its services in over 100 countries [10].
In 2021, the company launched AirTrace, a tracking solution that provides real-time
location, temperature, humidity, motion, shock, and light exposure data[16].
The company grew over 100% in 2021[1].
As of 2022, Airspace had completed over one million shipments[10].
In May of 2022, the company was recognized on CNBC’s Disruptor 50 list [17], which
aims to highlight high growth private companies addressing large market opportunities
in unique and disruptive ways [18].
In December of 2022, Airspace’s CTO, Ryan Rusnak, was awarded the Michael R. Saul
CTO of the Year award[19].
The company has received several multiple including a patent for an optimized logistics
management system that generates the most optimal path for transporting goods from a
pickup location to a destination location at the lowest transit cost and minimal risk [3].
On March 7th, 2023, Airspace was selected as one of America’s Best Startup
Employers by Forbes [20].
In December of 2023, Airspace was selected as one of Fast Company’s Next Big
Things in Tech, which aims to highlight “technologies (which) are changing every facet
of our economy—and our lives” [21].
Airspace has been selected as one of the San Diego Business Journal’s Best Places to
Work in 2019 [22], 2020 [23], 2021 [24], 2022 [25], and 2023 [26].
Fundraising
editAirspace has raised over $100M in venture capital funds through four rounds of funding.
| Date | Funding Type | Money Raised | Investors |
|---|---|---|---|
| Aug. 13, 2018 | Series A | $8M | Led by Defy with participation from Qualcomm Ventures, Cross Culture Ventures, and Schematic Ventures[5] |
| Nov. 15, 2018 | Series B | $20M | Led by Scale Venture Partners with participation from existing investors Qualcomm Ventures, Defy, Cross Culture Ventures and Schematic Ventures[6] |
| Jan. 29, 2021 | Series C | $38M | Led by Telstra Ventures, along with HarbourVest Partners. Other participants include return backers Scale Ventures, Defy Partners, Qualcomm Ventures, and Prologis Ventures[4] |
| May 25, 2022 | Series C-1 | $70M | Led by DBL Partners, along with Telstra Ventures, HarbourVest, Scale Ventures, Defy Ventures, Qualcomm Ventures and Prologis Ventures[10] |
Corporate Operations
editServices
editAirspace, as an asset-light freight forwarder, doesn’t own any transportation assets.
Instead, it manages a nationwide network of 1099 driver-partners that carry the
appropriate certification and experience to pick up and deliver high-value shipments[5]. The drivers are verified and then onboarded to the company’s Driver Partner App[27]. These complex and sensitive shipments include items such as organs, parts for aircraft
with mechanical breakdowns (facilitating solutions in AOG or aircraft on ground
scenarios), medical supplies, laboratory samples, finished and non-finished goods
for the semiconductor industry, and repair parts for high-tech machinery[4].
Airspace provides many logistics services to its customers, which include but are not
limited to, next-flight-out, on-demand ground (known as STAT services in the healthcare
sector), charter, on-board courier, dangerous goods, and cold chain services[28].
References
edit- ^ a b c d "Airspace Fueled for Global Expansion". San Diego Business Journal. 13 June 2022.
- ^ "Founder Spotlight: Airspace's Nick Bulcao and Ryan Rusnak on Using AI to Transform Logistics".
- ^ a b c "Airspace Granted Patent for Its Industry-Changing Logistics Management System".
- ^ a b c d "Digital forwarder Airspace secures $38M in funding". 29 January 2021.
- ^ a b c "Airspace Technologies Raises $8 Million Series a Led by Defy" (Press release).
- ^ a b "Airspace Technologies Raises $20 Million Series B Led by Scale Venture Partners" (Press release).
- ^ "Neil Sequeira".
- ^ "Stacey Bishop".
- ^ "Mark Sherman | Management Director at Telstra Ventures".
- ^ a b c d "Early Tesla investor DBL Partners leads $70 million investment in logistics firm Airspace". CNBC. 25 May 2022.
- ^ a b "About us | Who we are". Airspace.
- ^ "Home". www.airspace.com.
- ^ staff, CNBC com (November 12, 2019). "Airspace Technologies". CNBC.
- ^ "Airspace Leverages Unique Strategy and Patented Technology to Solve Tough Logistics Challenges and Expand Time-Critical Shipping Services".
- ^ "Airspace Technologies announces international expansion - Air Cargo Week". 14 December 2020.
- ^ "Airspace Launches New Tracking Solution – AirTrace™ – to Provide Ultimate Visibility on Time-Critical Shipments" (Press release).
- ^ "39. Airspace". CNBC. 17 May 2022.
- ^ "CNBC Disruptor 50". CNBC. 22 May 2018.
- ^ "7CTOs Honors Ryan Rusnak with Michael R. Saul CTO of the Year Award".
- ^ "America's Best Startup Employers 2024". Forbes.
- ^ https://www.fastcompany.com/next-big-things-in-tech/list
- ^ https://ocbj.media.clients.ellingtoncms.com/news/documents/2019/09/30/2019_BPTW_Rankings.pdf?fbclid=IwAR0r7-JPsBgGjn6VB0BKw30OwntcUIUYfSgY2BF5tYdUa8Z2PeWYCNwryDc
- ^ "2020 Best Places to Work".
- ^ "Winners Announced - Best Places to Work Awards 2021". 3 September 2021.
- ^ "2022 Best Places to Work Awards".
- ^ "SDBJ Best Places to Work 2023 Winners Archives".
- ^ "Airspace Technologies Launches Driver Partner App". GlobalTradeMag. 2 May 2017.
- ^ "Solutions".