Flyr, a San Francisco, CA-based technology company for the travel industry, raised $295M in funding.
The $225m Series D round was led by WestCap and included investments from Avianca, BlackRock, Streamlined Ventures, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). In addition, Flyr received an additional $70m in credit led by Vista Credit Partners. In conjunction with the funding, Laurence A. Tosi, the Managing Partner and Founder of WestCap, will join FLYR’s board of directors.
The company intends to use the funds to scale its product offerings around the globe.
Led by CEO and Founder Alex Mans, Flyr leverages technologies including deep learning, an advanced form of AI, to provide airlines and hospitality businesses around the globe with cloud based solutions to accelerate the delivery of modern reservation systems, elevate digital channels, and enable AI-based decision automation, and improve revenue performance, reduce cost, and modernize their e-commerce experience.
Customers include Avianca, JetBlue, Air New Zealand, Virgin Atlantic, Best Western Scandinavia, and The Boca Raton.
FinSMEs
08/08/2024