Precision airdrop changes air cargo network topologies and unit economics
Los Angeles-based freight-tech startup DASH Systems announced Wednesday morning it closed an $8 million seed round led by 8VC. Tusk Venture Partners, Loup Ventures, Trust Ventures, Perot Jain and Make in LA also participated in the raise.
DASH Systems founder and CEO Joel Ifill has a vision of making next-day delivery available anywhere in the world. What makes that possible and economical is a new approach to air cargo previously only seen in military applications: dropping precision-guided pods directly from small aircraft.
“DASH Systems is an innovative solution to delivering commercial packages at a fraction of the cost and at a higher speed than traditional services,” said Jake Medwell, founding partner at 8VC, which also invested in FreightWaves. “8VC is incredibly active in the logistics industry and a number of our largest partners are excited to work with DASH. We’ve already seen top engineers and talent quickly join the DASH team, which is an early sign that things are working and major problems are being solved.”