FLYR, an AI-powered travel technology company, announced on Thursday that it has raised $295 million in new funding. This investment will be allocated towards accelerating the development of modern reservation systems, enhancing AI-driven decision automation, and improving digital channels for airlines and hospitality brands.
Alex Mans, founder and CEO of FLYR, emphasized the company’s mission: “We’ve been dedicated to reimagining the travel experience since inception. As the world evolves, the travel sector has lagged, still dependent on outdated technology from a few entrenched vendors. FLYR aims to bridge this gap, offering travel providers tools to deliver the experiences customers demand while enhancing operational speed and efficiency.”
The funding includes $225 million from FLYR’s Series D round, with an additional $70 million in credit. The round was led by WestCap, with contributions from BlackRock, Streamlined Ventures, Avianca, and a subsidiary of the Abu Dhabi Investment Authority. Vista Credit Partners led the credit portion.
With this latest injection of capital, FLYR has now raised over $500 million, positioning itself to drive significant advancements in travel technology.
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