Flyr Labs, a San Francisco, CA-based provider of data and AI-driven Revenue Operating System for airlines, travel, and transportation industries, secured $150m in Series C funding.
The round was led by WestCap, with participation from Silver Lake Waterman, and WndrCo, along with insiders Peter Thiel, Streamlined Ventures, JetBlue Technology Ventures, and Gopher Asset Management.
This company intends to use the funds to expand its product offerings, scale delivery capacity, support strategic acquisitions, and develop customer teams.
Led by Alex Mans, CEO and founder, Flyr Labs provides a cloud-based software solution that leverages deep learning technology to provide ultra-accurate forecasting and actionable insights within one comprehensive user interface. With Flyr, travel and transportation companies can improve revenue performance, unify decisions across commercial teams, and build a more efficient experience for their customers.
Flyr Labs recently acquired Faredirect and xCheck, an AI-powered ancillary revenue optimization system and airfare tracking and marketing technology, respectively, to further address capabilities requested from its customer base. The company anticipates growing its workforce to over 200 team members by year-end. While serving the needs of airlines is FLYR’s primary focus, it is extending its technology across other travel and transportation industries through various strategic partnerships across rental cars, events, cargo, rail, and more.
The company also has offices in Los Angeles, Dallas, Krakow, and Amsterdam.