FLYR Labs, a San Francisco, California-based pioneer of the data and AI-driven Revenue Operating System for airlines, travel, and transportation secured $150 million in Series C funding.
The round was led by WestCap, a growth equity firm founded by Laurence Tosi, former CFO of Airbnb and Blackstone, with participation from Silver Lake Waterman, and WndrCo along with insiders Peter Thiel, Streamlined Ventures, JetBlue Technology Ventures, and Gopher Asset Management.
This funding will be used to expand the company's product offerings, scale delivery capacity, support strategic acquisitions, and develop world-class customer teams to meet growing demand.
Company: FLYR, INC.
Raised: $150.0M
Round: Series C
Funding Month: September 2021
Lead Investors: WestCap
Additional Investors: Silver Lake Waterman, WndrCo, Peter Thiel, Streamlined Ventures, JetBlue Technology Ventures, and Gopher Asset Management
Company Website: http://flyrlabs.com/
Software Category: Data and AI-driven Revenue Operating System
About the Company: FLYR Labs, the pioneer of the Revenue Operating System™, is focused on the relentless application of advanced and intuitive technologies that help transportation leaders unlock their ultimate potential. Its cloud-based software solution leverages deep learning technology, a cutting-edge form of AI, to provide ultra-accurate forecasting and actionable insights within one comprehensive user interface. With FLYR, travel and transportation companies can exponentially improve revenue performance, unify decisions across commercial teams, and build a more efficient experience for their customers. FLYR is headquartered in San Francisco with offices in Los Angeles, Dallas, Krakow, and Amsterdam.
Source: https://www.prnewswire.com/news-releases/flyr-labs-lands-150-million-in-series-c-funding-led-by-westcap-301382227.html