Boston-based startup ASI, formerly known as Air Space Intelligence, has raised $325 million in a Series C round at a $3 billion valuation. Spark Capital led the round with participation from Citadel Securities affiliates, Meritech Capital, Craft Ventures, Energy Impact Partners and Andreessen Horowitz. The company builds AI systems running continuous forward simulations of air traffic, electrical grids and military operations. It secured an $875 million federal contract with the FAA to modernize the National Airspace System and a $99 million Army contract for its Next Generation Command and Control program. Commercial customers include Delta Air Lines, Alaska Airlines, United Airlines and utility National Grid.
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