With team and customer numbers increasing, AeroCloud has announced its strategic move to the burgeoning tech ecosystem of Stockport, reaffirming its commitment to the North West.
The business has taken up larger premises at Highbank House in response to growing demand for its services across the world. The tech scale-up has seen 50% YoY growth of team members and strong customer growth in Europe, the UK, and North America, respectively, since 2022.
AeroCloud’s cloud-native platform uses predictive artificial intelligence (AI) and machine learning (ML) to answer the complex operational challenges experienced by airports across the globe. The company’s technology makes operations, IT and commercial teams’ jobs easier by centralising airport data, automating tasks, predicting passenger numbers and managing gate usage in real-time, increasing an airport’s passenger handling capacity.
Currently, AeroCloud employs 55 staff and has 47 customers in Europe and North America, including Liverpool John Lennon and Teesside International airports in the UK. Collectively, its technology processes over 200+ million passengers annually.
The move into the new 4500 sqft Stockport headquarters, leased from Orbit Developments, signifies AeroCloud’s continued dedication to the development of the North West into a thriving tech hub to rival those of London, Cambridge and Oxford. The business says it will continue innovating and nurturing talent in the region with the support of its recent raise of £10 million in Series A funding, backed in part by Manchester-based Praetura Ventures, which shares the same vision for the North West.
George Richardson, CEO of AeroCloud, commented, “Our story is firmly rooted in Macclesfield, but our relocation to Stockport as a rising tech hub is a testament to our commitment to drive the region’s emergence as a technology powerhouse. We’re striving to create a hive of tech excellence and expertise in the region by collaborating with local businesses such as Praetura Ventures. We’re committed to growing our team and continuing to hire throughout 2024, in line with our market growth.”
Andy Barrow, Partner (Tech) at the Manchester-based Venture Capital firm Praetura Ventures, said, “AeroCloud is another fantastic example of an innovative business that is based in the North but making waves globally, which proves once again that the tech ecosystem in the region is going from strength to strength. We’ve been throwing our full support behind AeroCloud’s impressive platform, which utilises various technologies, such as AI, to modernise the way airports around the world operate.”
Richardson continued, “We remain steadfast in our mission to revolutionise the way small to medium-sized airports around the world operate. Proudly serving as true tech disruptors in a $20 billion legacy technology market, our journey so far is a testament to our David vs. Goliath-like determination. We are excited to carry on our story, growing further and continuing to challenge the industry in our new home in Stockport.”
AeroCloud’s rapid growth and innovation have led it to secure six award nominations in 2023 so far, including the UK Business Tech Awards, Northern Tech Awards and North West Business of the Year Awards. AeroCloud Optic, an industry-first passenger count track technology launched in March 2023, won Airport Technology Awards in both the Product Launch and Innovation categories and was Highly Commended at the Computing Digital Technology Leaders Awards in the Machine Learning / AI Project of the Year category.
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