Aviation data and analytics platform Portside secured $50M in Series B funding led by Insight Partners.
Portside intends to use the proceeds to accelerate software development, develop new products, increase the customer base, and expand team size.
- Portside's platform allows aviation business owners, banks, and insurance providers to access information about aircraft routes, crew schedules, maintenance, and the company's financial data.
- GetGoing founders Alek Vernitsky and Alek Strygin co-founded Portside.
- BCD Travel acquired GetGoing in 2016.
- The funding round brings the firm's total capital raised to date to over $70M.
- Tiger Global led the firm's $17M venture round in March 2021.
- Portside's platform manages over 10,000 aircraft for 1,000 private, business, and government operators across 30 nations.
- The firm reportedly grew 3x over the past few years.