U.S.-based technology-enabled logistics service provider Airspace Technologies has landed $20 million in a new funding round.
The funding round was led by Scale Venture Partners, with participation from existing investors including Qualcomm Ventures.
Airspace Technologies plans to raise more capital from additional interested investors with an aim of bringing new technology to the business of moving around cargo.
The funding brings Airspace Technologies’ valuation to about $100 million, up from about $20 million in its last funding round in August.