FLYR Labs has announced that it has secured $150 million in Series C funding 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 customer teams to meet growing demand.
“Too many leading travel companies have relied on static or manual forecasts and pricing methodologies that do not adapt to today’s dynamic real-time environment, creating inefficiencies and missed opportunities,” said WestCap founder Laurence Tosi. “As long-time travel industry investors and operators, we continue to be impressed by the vision of FLYR founder Alex Mans and his team for partnering with global travel leaders and transport businesses to give them the control and informed insights they need to optimize their businesses. FLYR has executed that vision by developing proprietary real-time data analytics built with engineering, product excellence, and innovation that produces intuitive data presentation and decision tools. The FLYR technologies and products have not only driven FLYR’s rapid growth and have produced measurable scale benefits for FLYR’s industry clients and, in turn, the millions of travelers they serve every day. This is just the beginning for the FLYR team and WestCap is proud to join them on their inspiring journey to transform the travel industry for the benefit of all its stakeholders.”
“Over the last 18 months, massive fluctuation across airline networks has validated the need for modern, AI-powered real-time solutions,” said Alex Mans, CEO and founder of FLYR Labs. “This funding will ensure that we continue to scale and provide advanced, intuitive technology that addresses the dynamic needs of our transportation customers.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.