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Airblock Technologies

Digitally transforming aviation and aerospace supply chains to bring the industry into the 21st century.

Boston, MA, USA

One Liner

One Liner
Digitally transforming aviation and aerospace supply chains to bring the industry into the 21st century.

What Problem We are Solving

Problem
The aviation industry loses billions of dollars in aircraft fees, supply chain delay penalties, and industry-wide inefficiencies each year. Across the industry, companies are forced to enter data into Excel spreadsheets, and manage their records, contracts, and data manually because there are no tools to effectively help them with their documentation processes. However, with Airblock's actionable, predictive, and traceable records management platform, companies will be faster, more efficient, and cost-effective, leveraging data rather than paper.

About Us

About Us
We are building Airblock as a digital SaaS platform to digitize aviation and aerospace supply chains, making records actionable, predictive, and traceable so the entire supply chain can be faster, more efficient, and cost-effective, leveraging data rather than paper. The aviation industry loses billions of dollars in aircraft fees, supply chain delay penalties, and industry-wide inefficiencies each year. Across the industry, companies are forced to enter data into Excel spreadsheets, and manage their records, contracts, and data manually because they do not have tools specifically tailored to support their documentation processes. 

Venture Highlights

Highlights
In the last 6 months, we spoke to 50+ prospective users and buyers of Airblock (inspectors, customer account managers, documentation specialists, and c-suite executives). Especially, in the last two months, we started requesting Letters of Intent (LOI), from these companies, and have received 5 signed LOIs thus far. Our prospective aviation customers include: CSIRUS: a $389 million ARR helicopter maintenance company; ASESA: a private aviation provider; Aerosignal: a general aviation maintenance provider; and SHIPZ: a logistics company.

Our target for the first quarter of 2021 is getting at least 3 signed LOIs every month, which we are 56% of the way to completion for this quarter. The target for the second quarter of 2021 is getting 5 new LOIs every month (a 33% growth in this KPI) and converting 5 LOIs from the first quarter into paid pilots and eventual monthly recurring customers.

Additionally, we graduated from Founder Institute Boston this March 2021 and also were accepted to R3's Venture Development Program and Untapped Venture's Future of Work accelerator.

Business Model

Business Model
Airblock's business model is a pure SaaS subscription model with three payment tiers and a one-time training and onboarding package. Subsonic ($70,000/year) is a basic package geared towards asset surveillance with 200 GB of storage. Sonic ($100,000/year) builds upon the asset surveillance in the Subsonic plan with double the storage (500 GB) and added records keeping support, as well as a Digital Success Specialist Support to support supply chain records management needs. Supersonic ($110,000/year — the best deal) includes a hefty 2.5 TB of storage with all of the offerings in the previous two packages and a comprehensive analytics dashboard for full-scale visibility across the supply chain.

Our ideal customers include aircraft lessors (renters of airplanes), maintenance companies, and supply chain operators. Anyone who manages, distributes, or performs maintenance on aircrafts and their components would benefit from Airblock's supply chain management platform.

Customers want Airblock because not only are we helping companies digitize their paper-based records, but we are also helping them mitigate the hefty fees, penalties, and inefficiencies that plague the aviation and aerospace supply chains. We can help our customers digitize their efforts and also those of their partners and clients. By making a fully digitized supply chain, we can stop billions of dollars going to delays, penalties, and inefficiencies, and have that money instead go to faster, more efficient, and cheaper supply chains.

Competitive Advantage

Quote
Despite the industry’s band-aid solutions, we have the capacity to be more agile and scale with four key competitive advantages with our industry and problem-specific software platform: (1.) transparency on the contract lifecycle; (2.) cost-efficiencies which save businesses money; (3.) digital verification of documents; and (4.) providing a virtualized window into the business’ supply-chains.

The big tech industry has provided band-aid solutions, such as a general ERP solution for data, but this does not effectively help companies manage their supply chains and technical records. Aviation companies are scaling teams of 5-6 documentation specialists and throwing lots of money on expensive ERP software that doesn’t help aviation companies avoid delays and penalties that can cost up to $1B per year. These competitors are focused on the 59 commercial airlines and big names, but are not focused on the small private companies that are the backbone of the aviation industry supply chain — a market size of 28,000 companies.

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Go-To Market Strategy

Business Strategy
Currently, we are leveraging our company and advisors' sales networks as a strategy for customer acquisition. More specifically, we have received 5 signed LOIs (Letters of Intent) from supply chain companies that want to pilot our app. These LOIs signify interest in conducting paid pilots with Airblock which will lead to a 4 month paid pilot program.
 
For lead generation, we will be conducting DIAs (Digital Innovation Audits) with prospective customers, where we provide a free assessment of where we can help airlines, lessors, operators, and MRO (maintenance, repair, and overhaul) companies digitally transform their businesses. The goal of these audits is to identify gaps in their digital strategy and ultimately show where our SaaS platform can plug in. We plan to measure the CR (churn rate) from these audits into recurring Airblock customers. Further, we will plan to leverage our company and advisors' sales networks to expand.

By offering Digital Innovation Audits in the sales pipeline, we will identify the pain points of non-digitized companies and analyze how much Airblock could save their business in speed and efficiency.

Further, our marketing and communication strategy includes: (1) presence in industry webinars, live streams, and digital conferences, (2) specialized magazine interviews and ad placements, (3) aerospace trade shows, and (4) digital media campaigns. We leverage our advisory board’s extensive sales network.

Competitive Analysis

Competitive Analysys
Airblock is changing the aviation industry’s relationship to their data, making their documents, contracts, and records actionable, predictive and traceable. Airblock is a SaaS platform digitizing and re-engineering how assets are managed, traced and authenticated with a digital window into the global supply chain. Airblock provides asset surveillance for aircraft fleets and aircraft components along the supply chain, moving companies from static spreadsheets and documents to a big data network.

Right now, data is static and not actionable. By turning data into actions, notifications, and systems across our data network, this will not only digitize the supply chain but set the path for our records and agreement marketplace. Instead of focusing on a specific feature, we are building a data ecosystem that will be disruptive and industry-changing based on the amount of value it will provide to companies across the supply chain.
Competitor Website
Up Keep www.onupkeep.com
Ramco www.ramco.com
ADD Aviation addaviation.aero

Networking

Networking
We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

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Technology
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Internet
B2B
Blockchain
Future Tech
SaaS
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