SAN FRANCISCO, California — Today, FLYR Inc., the data science company focused on forecasting airfare
volatility, announced the closing of its seed financing of $3.7 million.
The round was led by Streamlined Ventures and Montage Ventures, and also included Western Technology
Investment and several leading angel investors.
“We are truly thrilled to close on such a successful funding,” said Jean Tripier, cofounder
and CEO of FLYR. “We see a world of new possibilities being enabled by the industry’s most advanced fare forecasting and protection technology.”
FLYR specializes in applying advanced data science and machine learning to develop predictions for
airfares and other yield managed products. Users of FLYR’s Foresight™ technology are finally able to
answer the ageold question of “Should I buy now?” Integrations are already underway with a number of
major global players in the online travel space.
“Data is key. Everything we do is data centric: from realtime risk management to the dynamic pricing of our products,” added Alex Mans, cofounder and CTO of FLYR. “In the near future, users will be so empowered by data intelligence that they’ll wonder how they ever managed to book travel without our technology.”
Today’s announcement follows the launch of Parisbased joint venture FLYR International in January 2015, which included a $500,000 investment* by AXA Strategic Ventures in the EMEAfocused
entity. The company recently added Charles Petruccelli to the Board of Directors and Frederic Vanhoutte to the Board of Advisors of FLYR International. Petruccelli was previously the President of Global Business Travel at American Express, while Vanhoutte is among the highest profile entrepreneurs within the French travel and tourism industry.
*The investment in FLYR International was not included in calculating the $3.7 million round for FLYR Inc.
Visit : www.FLYRLabs.com for more information.
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