Last deal

$5.1M

Amount

Post-IPO Equity

Stage

30.10.2023

Date

1

all rounds

$5.1M

Total amount

General

About Company
ParaZero provides innovative safety solutions for aerial systems.

Industry

Sector :

Subsector :

Keywords :

Also Known As

ParaZero, Diverse Security Needs

founded date

01.01.2014

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

ParaZero specializes in the design and manufacturing of autonomous safety technology for commercial UAS and urban air mobility (UAM) platforms. Their patented SafeAir technology enables autonomous parachute deployment using customized deployment actuators that actively deploy the parachute to its full formation in fractions of a second. The technology created a new benchmark in low altitude parachute deployments with effective kinetic energy reduction with minimal altitude loss. The SmartAir system records flight data for statistical analysis and black box reporting. With millions of commercial drones predicted, civil aviation authorities such as FAA and EASA, will require risk mitigation systems for commercial drones to achieve the needed ‘fully autonomous’ capability with multiple drones operating in the same area and over populous areas - enter ParaZero’s SafeAir system. This virtual safety net is designed to meet international aviation reliability standards while addressing growing market needs, bringing smart technology and providing a complete safety solution for a myriad of aerial platforms.
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