Airblock Technologies — Digitizing Aviation Supply Chains
SaaS platform giving companies full visibility into the lifecycle of their important contracts, documents, technical records, and assets from any device, in real-time.
The Problem
Currently, the majority of aviation documents exist as physical copies, packed into folders or stored in cabinets. This outdated system leads to frequent errors, poor traceability, delays and eventually hefty penalties.
What The Company Does
Airblock is a fully digitized solution to address the issues facing this paper-based market. Users can store, and manage their important records, as well as encrypt, trace, and authenticate them.
Market
Airblock serves two markets: commercial and private operators and maintenance providers. There is a total of 30,000 companies in North America that fall into these categories, representing a total addressable market of $1.8B.
Business Model
Annual licensing for Airblock is $5,800/month. At a high level, their vision is to scale to a $10M accounting rate of return in 3 years’ time by taking on 150 aviation supply chain clients.
Traction
The team has started gathering letters of intent from prospective customers who are interested in Airblock. They currently have 5 letters signed, including ASESA, Aerosignal, and CSIRUS.
Founding Team Background
Janet Chacon, founder of Airblock, is an MBA with 15+ years of experience working in the aviation industry from the perspective of an Original Equipment Manufacturer, a maintenance repair and overhaul MRO and as an airline operations consultant. Brian Hough, CTO and co-founder is a marketing and PR professional turned full-stack developer who has created several apps, including CoronaTracker, a COVID-19 symptom health tracker, and T-CUBE, an AI platform for predicting COVID cases.
What They Need Help With
The team is currently in growth mode and is looking for intros to investors in order to go to-market in 2Q of 2021. Connect with the Airblock team.
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