Flyr, a San Francisco, CA-based data science company that applies predictive analytics and machine learning to the world of travel, completed an $8m Series A funding.
The round was led by Peter Thiel, with participation from existing investors JetBlue Technology Ventures, Streamlined Ventures, AXA Strategic Ventures, Amadeus, Western Technology Investment, Plug and Play and Chasm Capital Management.
The company intends to use the funds to expand its suite of fare prediction and booking optimization solutions. In conjunction with the funding, Phin Upham will join Flyr’s Board of Directors.
Founded in 2013 by Jean Tripier, Chief Executive Officer, and Alex Mans, Chief Technology Officer, Flyr is a finance and data science company that applies predictive analytics and machine learning 1) to provide travel industry players with precise price forecasts and 2) to create innovative products for online travel consumers.
The Flyr fare prediction platform currently include price protection, a predictive engine that delivers a comprehensive set of fare predictions, a fare alert solution that notifies users prior to anticipated price changes.