Omantel Accelerator-hosted startup AirGo has raised a $2.7 million seed round led by Forming Future to venture into growing Saudi Arabian market. AirGo is part of Cohort 2 of the Omantel Accelerator program managed by Omantel Innovation Labs.
AirGo functions as an Unmanned Traffic Management (UTM) System provider of platform-as-a-service that enables businesses, government entities to avoid operating risk, regulatory challenges, and capital expenses associated with drone operations. It specializes in enabling low-altitude drone operations and advising clients on obtaining permits needed to ensure they manage legally and safely their drone operations.
Anwaar Mohammed al Hinaai, CEO and founder of AirGo, said “At AirGo, we are driven by a vision to revolutionize drone operations through a web-based approach. The potential is huge. We have already proven our credentials with the Unmanned Traffic Management System in Oman that will be launched in the next few months. We believe the time has come to expand. We are, therefore, very excited with this agreement signed with Forming Future, a move we believe will be a starting point toward a regional and global expansion.”
Eng. Sattam Ali Alqarqah, CEO of Forming Future, said “We are pleased to enter into an investment agreement with AirGo, a pioneering drone enabler in the region. We believe AirGo has the right expertise to pilot this venture that can transform drone operations in the region. We are confident that we are investing in an area that has promising growth prospects and we wish AirGo great success.”
Eng. Aladdin Abdullah Bait Fadhil, Chief Commercial Officer at Omantel, said “The AirGo success story is very close to our hearts as it represents the scale of possible achievements when supported by a really good accelerator. We are very proud of AirGo, and glad to see our startups receiving regional attention. We are committed to providing our startups with opportunities both at local and regional levels”.
Omantel Innovation Labs supports the startup ecosystem through accelerator programs, hackathons, boot camps, and free workshops on technology entrepreneurship. The Omantel Accelerator provides specialized technology and entrepreneurial support to technology startups.
