Dublin based aviation analytics solutions company Aerlytix has secured a grant of €455,000 through Enterprise Ireland’s Research, Development & Innovation (RD&I) fund.
The company said the funding will support the development of new products and services to optimise the airline industry’s analytical capabilities around fleet planning and financing.
Aerlytix, which was founded in 2020, has also announced that it plans to create 23 new jobs by 2027 focusing mainly on technical and software development roles.
Eight of these new roles have already been filled in recent months.
“The grant funding from Enterprise Ireland’s RD&I Programme accelerates development and delivery of our next generation technology project for customers,” said Órla Kearney, Finance Director of Aerlytix.
“This investment program is propelling Irish-based technology companies forward.
“We are excited to extend and scale our aviation technology solutions to a broader set of international clients,” she added.
The company said the R&D project aims to create analytics software, designed with airlines, that drives fleet optimisation and enables better financial risk management.
It said this will support the sector to resolve technical challenges, increase employment in Irish aviation companies and drive international business growth.
“I wish to commend the team at Aerlytix on its recent success,” said Peter Burke, Minister for Enterprise, Tourism and Employment.
“Aerlytix continues to make significant inroads into critical segments of the aircraft leasing industry.
“By providing tangible solutions through innovative analytics technologies, the company is helping to reduce inefficiencies for the sector and accelerate digital transformation across individual organisations,” he added.
