Flyr builds cloud-based software for the travel industry that uses deep learning and AI to accelerate modern reservation systems, elevate digital channels, enable AI-based decision automation, and improve revenue performance and cost efficiency. Its product suite targets airlines and hospitality operators and is sold to customers including Avianca, JetBlue, Air New Zealand, Virgin Atlantic, Best Western Scandinavia, and The Boca Raton. Led by CEO and Founder Alex Mans, Flyr emphasizes modernizing e-commerce experiences and revenue management through automated decisioning. The company plans to use the new funding to scale its product offerings around the globe. The business is headquartered in San Francisco, CA. The article does not disclose revenue or user metrics. FLYR Labs offers a deep-learning platform called the Revenue Operating System that ingests bookings, accounting data, searches, capacity, competitor schedules, weather and promotions to forecast demand and set ticket prices. The company pivoted from a consumer product (FareKeep) to a B2B focus for airlines in 2019 and was founded in 2013 by Alex Mans, Cyril Guiraud and Jean Tripier. FLYR says its model can lift airline revenue by 5–7% while 70–80% of travelers pay the same or less than under legacy systems. New customers are onboarded on 20–40% of network routes and run 3–4 month A/B tests; FLYR charges a percentage of the incremental revenue it proves. The company reports roughly $14 billion in airline revenue under management and projects managing about $100 billion by the end of 2023. Headquartered in San Francisco with an engineering office in Krakow, FLYR is expanding offices and hiring aggressively as it targets adjacent verticals like car rentals, cruises, rail and events and aims to scale beyond pricing into broader capacity and revenue forecasting. Flyr develops AI-driven data analytics and pricing products that forecast airfare volatility and enable airlines to price dynamically. After launching with a consumer focus, it pivoted to an enterprise model and launched FusionRM, a predictive airfare suite that integrates with more than 30 legacy systems and runs in private, hybrid, managed cloud and on-prem environments. FusionRM uses machine learning to predict customers' willingness to pay for air and non-air products, supports continuous real-time pricing across up to 200 price points, and manages synthetic inventory and ancillary bundling. Flyr was founded in 2013, is based in Poland and San Francisco, and employs about 85 people. The company counts four carrier clients across the U.S., Southeast Asia, the Middle East, and Australia. Flyr has raised over $10 million in a second-round funding, bringing total capital to roughly $25 million; the new capital will fund R&D, faster product updates, and headcount expansion. FLYR applies artificial intelligence to a combination of open industry data and a proprietary multi-year archive of past prices and fluctuations to predict airfare. Its flagship product, FareKeep, lets travelers lock a ticket price for about a week for a fee and receive alerts or refunds if prices fall. The company sells its fare-locking capability to online travel agencies and metasearch sites (including TripAdvisor) and is pursuing partnerships with credit card companies and other travel partners. FLYR faces competition from consumer apps like Hopper and direct competitors such as Options Away. Co‑founders Jean Tripier (CEO) and Alexander Mans (CTO) say the company will expand its product portfolio to include business-travel solutions, behavior-prediction features, and a layaway-style installment product for tickets. The company plans geographic expansion beyond its current strong U.S.–Europe coverage, with particular focus on Latin America, and has raised a total of $13 million to date.

Total raised

$463M

Funding rounds

5

Latest round

Debt Financing

Latest activity

Aug 2024