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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.

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

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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