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🚀 Exit! From a student project to acquisition by one of world's largest engine manufacturers. Proud to share that Aiir Innovations — one of our MIF portfolio companies — has been acquired by Pratt & Whitney.   When we came on board as the first investor back in 2019, AIIR was a young, diverse team of five AI students from the University of Amsterdam who built their first proof-of-concept at KLM Royal Dutch Airlines maintenance division, automatically spotting engine wear to cut downtime and make more efficient use of assets.   In 2023 we welcomed Borski Fund and Hearst Ventures to grow AIIR further with a rich combination of international customers. Under Pratt & Whitney's wings, AIIR can now roll out its technology worldwide.   This is for us a textbook example of innovation in the Dutch ecosystem: breakthrough technology from university, a corporate that dares to experiment, scaled by venture capital and backed by Netherlands Enterprise Agency   Huge congratulations to the founders, it was a pleasure to be on your journey Bart Vredebregt Miriam Huijser Cassandra Loor Steve Nowee Fritjof Büttner Read more about this exit: https://lnkd.in/eWzT_tKb Royal Schiphol Group Port of Amsterdam Nederlandse Spoorwegen Het Financieele Dagblad Mainport Innovation Fund

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