Aiir Innovations has successfully raised €2.1 million in funding, led by Borski Fund, to advance its AI-driven solutions for aircraft engine inspections.
Target Overview
Aiir Innovations is a start-up specializing in artificial intelligence for the visual inspection of aircraft engines. Founded in 2016 by a group of AI students from the University of Amsterdam, the company has quickly emerged as a leader in the aviation software market. Aiir Innovations collaborates with notable industry partners, including KLM Airlines, Waygate Technologies, and MTU Leasing Services. The company was recently selected for the Boeing-backed Aerospace Xelerated program and has won accolades such as the Lufthansa Technik Philippines Startup Challenge.
Aiir Innovations aims to enhance the safety and efficiency of aircraft through comprehensive and objective inspections of jet engines. The company achieves this by providing active support to human inspectors in various aspects of their work, from managing reporting requirements to employing AI assistants for identifying potentially overlooked defects. Their software encompasses inspections throughout the entire lifecycle of the engine, including maintenance, lease transitions, and more.
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Industry Overview
The aviation industry in the Netherlands represents a significant segment of the European aerospace market, characterized by advanced technology and innovation. The country is home to several key players in aerospace manufacturing and a
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Borski Fund
invested in
Aiir Innovations
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $2M