AviLabs funding news – Iceland-based AviLabs Secures €8 Million in Funding

Further solidifying their industry authority, AviLabs recently hosted Grounded, a premier airline industry summit in Reykjavik. With over 30 airlines in attendance, representing 20% of global passengers, the event was a hub for insightful discussions, workshops, and networking opportunities.

AviLabs and Plan3 are reshaping the airline landscape, offering personalized solutions and redefining passenger disruption management on a global scale.

Andri Heiðar Kristinsson, General Partner at Frumtak Ventures said, "The aviation industry is at a crossroads with legacy systems ripe for digital transformation, and Plan3 is perfectly poised to become a category leader in reshaping how airlines manage disruption and improve their bottom line. We believe their technology will not only transform the passenger experience but will also drive operational efficiency and cost savings across the sector."

Founding partner Sigurdur Arnljotsson added: "Our continued investment in AviLabs is a testament to their strategic vision and the tangible results they’ve delivered in a short span. The future of airline disruption management is in automation and personalization, and Plan3 is leading that charge."

Sveinn Akerlie, Founder and CEO, Plan3 said, “We’re delighted with this investment. Every airline is looking for effective solutions to mitigate the impact of disruptions – delays, missed connections, cancellations – on the passenger experience that are both efficient and economical. Plan3 is that solution, and we’re thankful to VCs Frumtak and Brunnur for partnering with us, recognizing the need and opportunity in the aviation industry right now.”

About AviLabs

AviLabs is a software company based in Iceland, revolutionizing how airlines manage passenger disruptions through industry expertise and passenger-first solutions. Their flagship product, Plan3, is a groundbreaking, fully automated disruption management platform that helps airlines reduce disruptions, enhance customer experiences, and optimize operations.

Read also - Harmonic Security funding news – London-based Harmonic Security Raises $17.5Million in Series A Round Funding