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Raven SIGNED

AI-based autonomous flight control for the aircraft of today and electric VTOLs of tomorrow

Total Cost €

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EC-Contrib. €

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Partnership

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 Raven project word cloud

Explore the words cloud of the Raven project. It provides you a very rough idea of what is the project "Raven" about.

run    certification    grade    car    software    don    volocopter    110    innovation    certifiable    manufacturer    trained    segment    multiple    forecast    commercial    closed    drone    partnership    enter    computer    core    raven    custom    aviation    profile    special    grow    flight    environment    yearly    aerospace    2m    2020    airbus    german    raised    valuation    cashflows    signed    revenues    worth    ai    airtractor    segments    agreements    unicorn    4m    wire    full    wing    drones    14    networks    evtols    purposes    hawk    manufacturers    algorithms    lilium    deterministic    solution    airplanes    prominent    mobility    forecasts    85    air    purpose    oems    agnostic    100x    pipeline    fly    aircraft    autonomous    starting    euroavionics    strategic    vendors    wants    tomorrow    bigger    fixed    entered    neural    betting    evtol    designed    combination    deal    vision    steady    avionics    dozens    kitty    urban    autonomy    2019    airframe    demand    market    piloting    sees    hardware    dufour    approached    helicopters   

Project "Raven" data sheet

The following table provides information about the project.

Coordinator
DAEDALEAN AG 

Organization address
address: NEUNBRUNNENSTRASSE 140
city: ZURICH
postcode: 8050
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Switzerland [CH]
 Total cost 3˙192˙812 €
 EC max contribution 2˙234˙968 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-EIC-SMEInst-2018-2020-3
 Funding Scheme SME-2b
 Starting year 2019
 Duration (year-month-day) from 2019-11-01   to  2021-10-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    DAEDALEAN AG CH (ZURICH) coordinator 2˙234˙968.00

Map

 Project objective

We are developing Raven—a novel AI autonomous flight control system. Raven is an airframe-agnostic solution targeted at fly-by-wire aircraft of today (fixed-wing airplanes & helicopters) & tomorrow (eVTOLs & others). It is a combination of custom-designed neural networks, core avionics software, computer vision algorithms & special-purpose aviation-grade hardware. We are developing a special kind of neural networks that are deterministic by design, built specifically for the purposes of certification in aviation. They learn while they are getting trained, they don’t learn when they are piloting aircraft. They run in the dedicated environment & on certifiable hardware that we are creating. This is a major innovation over the generic state-of-the-art in AI. Airbus forecasts that the potential demand for eVTOLs in the urban air mobility market will be 100X bigger its current yearly production of helicopters. This market can only grow with full flight autonomy provided by Raven. We have raised €4m of funding & already generated €110,000 in early revenues. Our current deal pipeline is worth €2m. As of May 2019 we have signed agreements with 14 most prominent eVTOL OEMs (out of 85) & have been approached by dozens of others. We are already working with high-profile eVTOL manufacturers such as Volocopter, Lilium Aviation, Kitty Hawk, Dufour Aerospace & multiple others. We also have closed commercial agreements with the avionics vendors, drone OEMs & traditional aircraft OEMs such Euroavionics, AirTractor & Airbus Helicopters. We have also entered a strategic commercial partnership with a major German car manufacturer that wants to enter the eVTOL market & sees Raven as the key enabling solution. Starting with 2020 we forecast steady cashflows with the drones & existing general aviation market segments. To reach a unicorn valuation we are betting on the urban air mobility market segment.

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The information about "RAVEN" are provided by the European Opendata Portal: CORDIS opendata.

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