Picture of Boeing Co logo

BOE Boeing Co News Story

0.000.00%
gb flag iconLast trade - 00:00
IndustrialsSpeculativeLarge CapMomentum Trap

RCS - Go Autonomous - Go Autonomous Joins Global Aerospace Accelerator

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240827:nRSa6821Ba&default-theme=true

RNS Number : 6821B  Go Autonomous  27 August 2024

Go Autonomous becomes first Danish startup to join Aerospace Xelerated global program

 

Copenhagen-based Go Autonomous (https://goautonomous.io/) , an innovator in
AI-powered B2B commerce technology, has joined the prestigious Aerospace
Xelerated (https://xelerated.aero/) (AX) programme - a first for any company
from Denmark.

The startup was selected through the accelerator's new "always on" model,
announced last year, after Go Autonomous successfully addressed an innovation
challenge on how to automatically capture and validate convoluted data from
documents and emails.

The company's technology is already being utilised by industry leaders in
manufacturing and B2B distribution such as Grundfos and Saint-Gobain
Distribution Denmark. Now the startup is working with major players across the
aerospace industry to help solve the challenge of fragmented, inefficient
communication and transaction processes. As part of the AX programme, Go
Autonomous ran a proof of concept to test its applicability in an aerospace
industry context.

(CEO, Go Autonomous, Bjarke Ruse Sejersen, and Maria Laine, President Boeing
UK,  Ireland and the Nordic region)

Bjarke Ruse Sejersen, CEO and founder of Go Autonomous, said, "By harnessing
our technology, we seek to empower every company and the people at its core to
simplify how they interact, transact, and work. Joining the Aerospace
Xelerated programme has been a massive opportunity for us to pressure test our
product and make connections that will take our operations to the next level.
We are also incredibly proud to be the first Danish company to join AX and its
diverse portfolio of companies."

Through the leading AX global accelerator, Go Autonomous has gained access to
other business and investment opportunities, as well as hands-on mentorship
and support to assist with their development and growth. Previous programme
participants have collectively raised over £250 million in additional funding
and created nearly a thousand new, highly skilled jobs globally.

Nichola Bates, Managing Partner at Aerospace Xelerated commented,
"Communication is everything not only in aerospace but in all areas of our
life. Go Autonomous makes it easier for companies to communicate and transact
with each other in real-time, in a more seamless and efficient way - something
that will also help many companies save valuable time. We were thrilled to
have them join our portfolio and look forward to seeing how our support will
help them develop their offering even further."

Go Autonomous' AI-powered platform helps major organisations manage large
volumes of unstructured communication data, extracting valuable insights and
automating processes to improve efficiency. By automating data processing and
integrating with existing workflows, Go Autonomous' solution aligns with
broader industry trends of digitisation. Users of the platform have seen a
3-10x increase in their quote and order processing capacity, thanks to a 90%
reduction in manual data entry. The increased efficiency and reduction in
manual processes provided by the company is also helping their clients to
achieve sustainability goals by optimising resource allocation.

Since its inception in 2019 and thanks to the support of corporate and
government industry leaders such as The Boeing Company and Tawazun Council,
the Aerospace Xelerated programme has invested in, mentored, and supported
more than 40 startups from 15 countries across 12 different industries,
developing scalable and sustainable solutions for the aerospace industry and
beyond.

¨Go Autonomous are a shining example of the innovative companies
participating in the global Aerospace Xelerated programme, developing useful
and scalable solutions for the aviation industry and beyond," said Maria
Laine, President of Boeing UK, Ireland and the Nordic region. "As the first
Danish startup to be selected to join the accelerator, it is testament to the
skills, talent and potential that exists right here in Denmark."

AX is committed to supporting innovation and the programme team is always
looking for startups working to improve processes and outcomes in the
aerospace industry, ensuring that their partners have access to the most
exciting technology being developed to sustain the future of aerospace.

For more information, go to xelerated.aero (https://xelerated.aero/)

Press Contact:

 

Go Autonomous

+4525184945

kathrine@goautonomous.io

https://goautonomous.io/

 

 

 

Via Pressat UK Press Release Service (https://pressat.co.uk/)

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUNSARSRUWUAR

Recent news on Boeing Co

See all news