Safran Bets on Metavonics, Strengthening Its Position in Critical Avionics
The aerospace group is investing through its venture capital subsidiary in the French start-up during a 7.3 million euro fundraising round, and is forging a partnership with Safran Electronics & Defense.
Safran has announced, via Safran Corporate Ventures, an investment in Metavonics, a French start-up founded in 2021 and specializing in critical avionics technologies for safety, as part of a Series A fundraising round totaling 7.3 million euros, conducted alongside Austrian firm TTTech.
Metavonics is developing a modular approach based on standardized and certified electronic components, as well as software tools that facilitate the development, integration, and evolution of avionics functions throughout their entire lifecycle.
The operation is accompanied by the signing of a partnership agreement with Safran Electronics & Defense and is part of a strategy to support innovative technologies related to the safety of embedded systems.
"With this investment, Safran Corporate Ventures is supporting French innovation and the transformation of critical avionics. Metavonics' modular technology represents a real advance in the safety and performance of embedded systems," commented Florent Illat, CEO of Safran Corporate Ventures.
Safran is a high technology international group, a leading equipment provider in the Aerospace and Defense markets. The group specializes in the design, manufacturing, and marketing of equipment and systems of high technology mechanical and electronic equipment. Net sales break down by product family as follows:
- aeronautic and space propulsion systems (50%): helicopter motors (No. 1 worldwide), civil and military airplanes motors, systems for space lancers and missiles, turboreactors for drone targets, etc.;
- aircraft equipment, defense systems and aerosystems (39.3%): airplane engine pods, landing gear, braking systems, electric wiring systems, etc. Safran also offers on board aircraft systems and equipment (primarily evacuation slides, emergency arresting systems, protective parachutes and oxygen systems, electrical power management systems, control systems, water and waste management systems and connectivity systems) and defense and security systems (helicopter flight controls, fingerprint-based biometric identification systems (No. 1 worldwide), inertial systems, optronic systems, tactical drone systems, etc.);
- aircraft interiors (10.7%): cabin interiors and seats.
Net sales are distributed geographically as follows: France (19%), Europe (23%), Americas (29%), Asia and Oceania (19%), Africa and Middle East (10%).
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