Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to Armira Growth ahead of its investment in Assaia, an aviation software company.
Assaia, the Zurich-based aviation technology company, has raised $26.6m in an oversubscribed Series B funding round, led by European investment firm Armira Growth (“Armira”), alongside existing investors. The additional capital raised will enable Assaia to continue to scale its AI platform globally and launch new solutions to further improve airport, airline and ground handler efficiency.
Scope of Work
Code & Co. advised Armira Growth on Tech & Product Due Diligence by compiling an in-depth assessment of Assaia’s computer-vision platform, including its architecture, technology stack, AI/ML foundations, and security framework.
The assessment also covered the platform’s deployment model, operational resilience, scalability, and integration approach across customer environments.
The review concluded with an evaluation of the engineering organization, including the software development lifecycle, and the use of performance metrics and internal processes.
About Assaia
Assaia’s technology is designed to optimise the commercial aircraft turnaround process by providing real-time visibility and automation across apron operations. Its technology is already deployed at several major international hubs including New York JFK, London Heathrow, Dubai International and Toronto Pearson, helping reduce delays, improve on-time performance and enhance gate utilization.
Assaia’s solutions create a safer, faster and more sustainable ecosystem so passengers can feel confident they are traveling on time, safely, and sustainably. www.assaia.com
About Armira
Armira is a European investment holding specialising in partnerships with entrepreneur-led and family-owned hidden champions. Backed by an exclusive network of entrepreneurs and long-term family investors – and now complemented by global families and long-term oriented institutions – Armira provides full-lifecycle capital, from minority growth to majority investments, and applies a consistent value-creation framework focused on Performance, People and Acquisitions. Armira manages c.€5 billion of capital. The firm has completed over 30 platform investments and built a network of 100+ industry advisors who actively support its portfolio companies. Armira’s mission is to be the trusted partner for the next phase of growth for Europe’s leading entrepreneur-led and family-owned hidden champions. Armira Beteiligungen is a licensed Alternative Investment Fund Manager (AIFM), supervised by German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). www.armira.de/en/