Safran has invested in French startup Metavonics through its corporate ventures subsidiary.
Metavonics specialises in safety-critical avionics technologies.
This investment alongside TTech, an Austrian technology company specialising in safety-critical solutions for aviation and aerospace, is part of a €7.3 million Series A funding round.
“With this investment, Safran Corporate Ventures is supporting French innovation and the transformation of safety-critical avionics," said Florent Illat, CEO of Safran Corporate Ventures. "Metavonics’ modular technology represents a real step forward in the safety and performance of onboard systems.”
This investment, together with the signing of a partnership agreement with Safran Electronics & Defense, is part of Safran Corporate Ventures’ strategy to support startups developing innovative technologies for aerospace, especially in areas related to the safety of onboard systems.