FLYR is a travel technology company and developer of an AI-powered platform to forecast airline demand and optimize pricing. Founded in 2013 by Alex Mans, the company ingests data from airlines on bookings, searches, and capacity, as well as external factors like weather, to predict demand and set revenue-maximizing fares. FLYR estimates its software can increase airline revenues by 5-7% while keeping fares unchanged for most travelers.
With over $14 billion in airline revenue currently under management, FLYR is rapidly expanding its global footprint. The 250+ person company recently opened new offices to complement its San Francisco headquarters and Poland engineering hub. FLYR is also investing in adjacent verticals like personalized trip planning through a partnership with AI startup Roam Around. While displacing legacy systems remains a challenge, FLYR's early traction and expanding product suite position it for strong growth in the global travel market. To date, FLYR has secured $150 million in series C funding.
With an ambitious roadmap to become the end-to-end revenue optimization layer for travel, FLYR provides an engaging mission and accelerated growth trajectory backed by notable investors like Peter Thiel. As it continues proving its model with major airlines, FLYR faces the risk of slower-than-expected adoption due to the airline industry's historically sluggish technology adoption.
2013
Founded
250-500
Employees
Series D
Stage
$500M-$1B
Latest Valuation
$200-400M
Total Funding
Aug 08 2024
Last Fundraise
Why is the rating
Top Previous Employers
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Investors
Founders Fund
Facebook, SpaceX, Affirm