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§ Private Profile · Mclean, VA, USA
B2B telecommunications provider building an FAA-compliant nationwide air-to-ground network for aviation, supporting autonomous flight.
Based in McLean, Virginia, AURA Network Systems develops an FAA-compliant nationwide wireless communications network utilizing licensed aviation spectrum to support autonomous operations for crewed and uncrewed aircraft. The business operates as a business-to-business telecommunications provider, delivering secure air-to-ground voice and data solutions that enable the integration of advanced air mobility vehicles and electric vertical takeoff and landing operators into the national airspace. The enterprise has secured more than $100 million in total funding, which includes a $75 million financing round led by Fortress Investment Group and Mudrick Capital Management. To validate its proprietary spectrum management and radio systems, the company established a four-year cooperative research agreement with the Federal Aviation Administration and partnered with the Virginia Department of Aviation to deploy infrastructure at regional airports. AURA Network Systems was founded in 2020 by Bill Tolpegin.
AURA Network Systems has raised $105.9M across 2 funding rounds.
AURA Network Systems has raised $105.9M in total across 2 funding rounds.
AURA Network Systems has raised $105.9M in total across 2 funding rounds.
AURA Network Systems's investors include Drew McKnight, Mudrick Capital Management, Tracker Capital Management.
AURA Network Systems has raised $105.9M across 2 funding rounds. Most recently, it raised $75.0M Other Equity in November 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 14, 2022 | $75M Venture Round | Drew Mcknight | Mudrick Capital Management, Tracker Capital Management | Announced |
| Jul 28, 2021 | $30.9M Series A | Mudrick Capital Management, Tracker Capital Management | — | Announced |