By S.L. Fuller | October 6, 2017
Stellar Labs has raised $26.3 million in Series A equity financing, the company said. The Silicon Valley-based tech firm had previously received funding from Rockwell Collins and other equity rounds. Stellar Labs said it is investing more than $50 million in its next-generation products for business aviation.
Together with Rockwell Collins, Stellar Labs is developing a unified, cloud-based operating platform. The company said it would combine the flight operations planning functionality of ARINCDirectSM flight operations system with its global distribution systems and commercial operations technology.
“We are excited about the long-term growth potential for Stellar as more operators shift to modern, cloud-based technology for their sales, marketing, and operations,” said Shawn Vick, Global Jet Capital CEO. “We are making a strategic investment in Stellar and expect them to be a disruptive technology that will help transform the business jet industry.”
Series A equity financing was obtained from Global Jet Capital, Columbia Equity Partners and Expa.