On October 20, 2026, ASI, the Boston company formerly known as Air Space Intelligence, announced a $325 million Series C at a $3 billion valuation. Spark Capital led the round, with participation from affiliates of Citadel Securities, Meritech Capital, Craft Ventures, Energy Impact Partners and Andreessen Horowitz.
ASI describes itself as a frontier AI company for critical infrastructure and national security. Its world models and reasoning systems simulate operations hours, days and weeks ahead so operators can act before problems occur. CEO Phillip Buckendorf said: “ASI is deeply focused on AI systems that can manage and control physical assets.”
The company cites an $875 million FAA program of record to modernize the U.S. National Airspace System, a $99 million U.S. Army contract covering command and control including the NGC2 program, deployments with the U.S. Air Force and Pacific Command, airline customers Delta, Alaska and United, and a partnership with National Grid on grid planning and operations. The funds will go to deployment in energy, logistics and tactical edge environments and to expanding its research and engineering teams in Boston.
Why it matters: most AI funding goes to models and software for knowledge work; ASI is a sizable bet on AI that plans and controls physical systems such as airspace, power grids and military logistics. Its investor Spark Capital places it among a small group of “neoprimes” with production contracts of this size with the U.S. government.
What it does not show: contract values are program ceilings over many years, not recognized revenue, and ASI discloses no revenue figures. The claims about operator counts and growth across the Air Force are company-reported.