AI Startup for Aerospace Raises $34 Million in New Funding (1)

An artificial intelligence startup targeting air travel has raised $34 million in a funding round led by Andreessen Horowitz to more aggressively pursue deals with the US Department of Defense.

Air Space Intelligence Inc. has long sold its tools — which have been described as Waze for air travel — to commercial carriers including Alaska Airlines. The startup’s marquee product, called Flyways, can help flight dispatchers pick routes for planes, taking into account factors like flight traffic, weather and airport conditions.

The new financing brings ASI’s valuation to roughly $300 million, according to people familiar with the situation who asked not to be identified because the details are private. The startup declined to comment on ...