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§ Private Profile · 3438 Peachtree Road NE, Suite 1800
Aviation research and development company that develops, patents, and licenses aircraft technologies to manufacturers.
Carter has raised $2.0M across 1 funding round.
Key people at Carter.
Carter has raised $2.0M in total across 1 funding round.
Carter Aviation Technologies is an aviation research and development enterprise based in Wichita Falls, Texas, that designs, tests, and licenses innovative vertical takeoff and landing aircraft systems. The privately held firm focuses on engineering advanced aerospace concepts, primarily generating revenue by patenting its proprietary aerodynamic designs and subsequently licensing these technologies to external commercial aircraft manufacturers. Its core intellectual property portfolio features several distinct experimental aviation platforms and technologies, including the Slowed Rotor/Compound (SR/C) system, the CarterCopter, and the Carter Personal Air Vehicle. Operating with a specialized technical workforce of 13 employees, the organization also develops related aviation components such as custom high-efficiency propeller configurations and energy-absorbing landing gear systems for the broader aerospace sector. Carter Aviation Technologies was officially established as an independent aerospace research entity in 1994 by founder Jay Carter Jr.
Key people at Carter.
Carter has raised $2.0M in total across 1 funding round.
Carter's investors include Play Ventures, Fabric Ventures, Jas Purewal, Rupert Loman, Affan Butt, Chris Lee, Rupert Loman-West, Steve Chard, Connect Ventures, GFR Fund.
Carter has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2022 | $2M Seed | Play Ventures | Fabric Ventures, JAS Purewal, Rupert Loman, Affan Butt, Chris LEE, Rupert Loman West, Steve Chard, Connect Ventures, GFR Fund | Announced |
Carter is a privacy-first, AI-powered platform revolutionizing the Retail Media Network (RMN) space by enabling retailers and brands to build advertising solutions using first-party data while ensuring data security and compliance.[1][2][3] It serves retailers, publishers, brands, and agencies, solving the challenges of personalized advertising in a cookieless world by deploying behind clients' firewalls for customizable audience management, campaign execution, and monetization across industries.[1][2] Carter addresses gaps in digital adtech by offering sophisticated tools like middleware for DSP/SSP integration, turning customer interactions into revenue opportunities without compromising privacy, with strong early momentum from its North America launch in June 2024.[1][2]
Carter was founded by Shobhit Khandelwal, who serves as CEO and co-founder, bringing deep expertise from leading product and data science teams at Citigroup and Walmart, where he focused on assortment and marketplace analytics.[1][3] The idea emerged from identifying critical gaps in RMN and digital advertising amid rising privacy regulations and shifting consumer behaviors, leading to a platform built with privacy-first principles and AI at its core.[1][2] Pivotal early traction came with its official launch across North America in June 2024, positioning it as a disruptor deployable within clients' secure environments.[1][2] The company operates from Toronto (HQ with developers and leadership), New York (operations, marketing, sales), and Noida, India (platform development).[3]
Carter rides the cookieless advertising wave and explosive growth of retail media networks, where first-party data is king amid privacy laws like GDPR and CCPA.[1][2] Timing is ideal as consumer behavior evolves toward personalized experiences, with RMN projected to capture more ad spend from traditional digital channels; Carter's behind-the-firewall model empowers retailers to monetize data securely, bypassing third-party cookie dependencies.[1][3] Market forces like increased competition and AI advancements favor its disruptive positioning, influencing the ecosystem by enabling mid-to-large businesses to scale ad operations, foster win-win outcomes for brands/agencies/retailers, and accelerate commerce media adoption.[2][3]
Carter is poised for rapid scaling as RMN matures, with its modular, integrable platform driving adoption among retailers seeking privacy-compliant growth.[1][2] Upcoming trends like advanced AI personalization and stricter global regulations will amplify its edge, potentially expanding into more verticals beyond retail. Its influence may evolve by setting standards for secure, first-party data adtech, turning early disruptor status into ecosystem leadership—echoing its launch promise to transform every customer interaction into revenue while prioritizing privacy.[1][3]
