Security
Fresh Funding Drives Osprey’s AI Use for Risk Management
Level Equity growth capital group invests $54 million in security specialist
Osprey Flight Solutions provides risk management support
Osprey Flight Solutions uses generative AI to provide risk management support for aviation companies.

Osprey Flight Solutions is set to expand the scope of its aviation risk management business, having secured more than £40 million ($54 million) in fresh funding from technology growth capital group Level Equity. Announcing the transaction yesterday, the UK-based group said it is investing to boost its capabilities in using generative artificial intelligence (AI) to provide predictive security guidance for airlines and other aircraft operators.

According to Osprey CEO Andrew Nicholson, the aviation industry’s risk management needs are quickly evolving in response to exceptional geopolitical instability. As examples of heightened concerns for aircraft operators, he pointed to threats such as Russian military action, the confiscation of assets, and the ramifications of last month’s Canadian court ruling that found Ukrainian Airlines liable for the destruction of its Flight PS752 by the Iranian military after takeoff from Tehran in January 2020.