Omantel Accelerator-hosted startup AirGo signs investment agreement with Forming Future

Omantel Accelerator-hosted startup AirGo signs investment agreement with Forming Future

Muscat: AirGo, an Omani startup in Cohort 2 of Omantel Innovation Labs, is set for expansion into the promising market of Saudi Arabia, with the signing of an investment agreement with Forming Future to raise $2.7 million seed round.

AirGo functions as an Unmanned Traffic Management (UTM) System provider of platform-as-a-service that enables businesses, government entities to avoid operating risk, regulatory challenges, and capital expenses associated with drone operations. It specializes in enabling low-altitude drone operations and advising clients on obtaining permits needed to ensure they manage legally and safely their drone operations.

The initial agreement was signed during AirGo’s exhibition at Leap, the region’s largest Tech event held in Riyadh, as part of the group representing Omantel Innovation Labs, which also included 6 other promising local startups that are now in talks with regional investors and partners. Today, AirGo signed the investment agreement at the Civil Aviation Legal Advisers Forum that is hosted by Oman’s Civil Aviation Authority, with participation of 63 countries and three international organizations.

Anwaar Mohammed al Hinaai, CEO and founder of AirGo, said: “At AirGo, we are driven by a vision to revolutionize drone operations through a web-based approach. The potential is huge. We have already proven our