Budapest-based tech startup AerinX raises $2.3 million
AerinX, an innovative aircraft inspection system, that helps in reducing inspection time, has raised $2.3 million in pre-Series A funding round led by Takarék Venture Capital Fund I, managed by Dutch-Hungarian VC company DBH Investment. AerinX has raised a total of $2.8 million in funding over three rounds, Crunchbase reports.
Founded in 2015 by the CEO Bence Kiss and CTO Zoltán Wéber, AerinX developed a cutting edge solution that revolutionizes the way skin inspection is carried out for airplanes. AerinX’s system supports the maintenance engineer while decreases the possibility of human mistakes. With AerinX’s system fly or no-fly decision can be made within turnaround time. AerinX is capable of precisely locating and measuring the damage and provides essential technical information about the damaged area.
With the new funds, the company plans to accelerate its technological research and development as well as business development activities to enter international markets. The company also plans a Series A round of funding within the next 12-18 months involving international investors to accelerate international growth.
Bence Kiss, co-Founder and CEO of AerinX, said:
“With the venture capital investment received from Takarék Group, we hope to accelerate market entry planned for early 2021. In the coming 6-9 months, we are going to continue our R&D activity to finetune and extend the functionality of our smart aircraft inspection system. We are especially glad that over the past year we managed to grow the company valuation of AerinX significantly, which was acclaimed by Takarék Group with its investment.”