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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.

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

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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