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Based in San Jose, California, Archer Aviation develops electric vertical takeoff and landing (eVTOL) aircraft designed for urban air mobility and commercial air taxi services. The publicly traded aerospace company has raised over $1.1 billion in funding to manufacture its Midnight aircraft, capable of traveling up to 150 miles per hour across a 100-mile range. Archer has secured strategic investments and manufacturing partnerships with major corporate entities, including United Airlines, the automaker Stellantis, and Boeing. The firm's commercial traction features a $142 million evaluation contract with the United States Department of Defense and a $10 million deposit from United Airlines for 100 initial production aircraft. The company is also developing early domestic flight routes, such as a planned connection between Newark Airport and the Manhattan Heliport. Archer was founded in 2018 by Adam Goldstein and Brett Adcock.
Archer has raised $56.0M across 1 funding round.
Archer has raised $56.0M in total across 1 funding round.
Archer has raised $56.0M in total across 1 funding round.
Archer's investors include Addition, AngelPad, B Capital Group, Benchmark, Bond, GoAhead Ventures, Great Oaks Venture Capital, Greylock, Kamran Ansari, Insight Partners, K2 Global, Kleiner Perkins.
Archer has raised $56.0M across 1 funding round. Most recently, it raised $56.0M Series A in June 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2020 | $56M Series A | — | Addition, AngelPad, B Capital Group, Benchmark, Bond, GoAhead Ventures, Great Oaks Venture Capital, Greylock, Kamran Ansari, Insight Partners, K2 Global, Kleiner Perkins, Meritech Capital Partners, Pareto Holdings, Predictive VC, Redpoint Ventures, Shasta Ventures, Shine Capital, Stellation Capital, Marco Demeireles, Thirty Five Ventures, Torch Capital, Valar Ventures, Alex Rodriguez, Vision/capital/people (vcp), Clark Landry, Ellie Wheeler, Josh Elman, Megan Quinn | Announced |
Archer is a leading provider of enterprise Governance, Risk, and Compliance (GRC) software solutions, specializing in integrated risk management platforms that help organizations handle third-party risk, IT and cyber risk, operational risk, and ESG compliance across sectors like financial services, government, healthcare, and manufacturing.[1][2][3] Its flagship offerings, such as Archer Evolv™ Compliance and Risk, leverage AI to monitor regulatory changes, quantify risk exposure, automate processes, and deliver actionable insights from unified data, serving over 1,500 clients in 48+ countries with 20+ years of focused expertise.[2][3] The platform streamlines compliance and risk oversight for enterprises undergoing digital transformation, reducing losses and enabling strategic decisions amid growing non-financial risks.[2][3]
Archer traces its roots to over 20 years of dedication to risk management solutions, evolving into a global leader with its initial product launch that gained adoption by more than 1,500 organizations worldwide, particularly in finance, manufacturing, communications, and pharmaceuticals.[2][3] While exact founding details vary—some sources note a 2021 incorporation in Overland Park, Kansas—the company builds on decades of best practices embedded in 42 pre-built use cases for eight risk domains, reflecting accumulated knowledge from early deployments.[1][3] Pivotal moments include recent AI innovations like Archer Evolv™, positioning it as a challenger in markets like internal audit management alongside competitors such as AuditBoard and MetricStream, and earning leadership recognition in the 2025 Verdantix Green Quadrant GRC report.[1][2]
Archer stands out in the GRC landscape through these key strengths:
Archer rides the surge in digital transformation (DX), escalating non-financial risks like vendor management, ESG/SDGs, and cyber threats, where organizations need unified GRC to visualize and mitigate exposures efficiently.[3] Its timing aligns with regulatory pressures and AI adoption in compliance, as seen in its Verdantix leadership for AI-driven capabilities amid fragmented legacy tools.[1][2] Market forces favoring Archer include the shift to cloud-based, quantifiable risk analytics—positioning it against competitors like AuditBoard—while its global deployments influence the ecosystem by standardizing best practices, fostering resilience for 1,500+ enterprises, and enabling proactive strategies in high-stakes sectors.[1][2][3]
Archer is poised to expand its AI-centric Evolv™ suite, targeting deeper integrations and predictive analytics to capitalize on GRC market growth driven by AI regulations and sustainability mandates.[2] Trends like cross-domain risk unification and real-time stakeholder engagement will shape its trajectory, potentially elevating its challenger status to market dominance as digital risks intensify.[1][2] Its influence may evolve by empowering more sectors beyond finance, turning compliance from a cost center into a competitive edge—much like how its 20+ years of focus have already safeguarded enterprises in a dynamic world.[2][3]
