FLYR, a leading technology company in the travel industry, has secured $295 million in funding to enhance its AI-driven solutions for airlines and hospitality brands worldwide. The capital raise, which includes $225 million in Series D funding and an additional $70 million in credit, was led by WestCap, with contributions from BlackRock, Streamlined Ventures, and the Abu Dhabi Investment Authority.
With over $500 million raised to date, FLYR is positioned to revolutionize the travel sector by modernizing reservation systems, improving digital channels, and enabling real-time decision-making through AI-based automation. The company’s platform is already being utilized by major airlines and hotels, including Avianca, JetBlue, and Virgin Atlantic, to enhance customer experiences and optimize operational efficiency.
WestCap, the lead investor in this round, is a prominent operating equity firm known for its strategic partnerships with visionary companies across various industries. The firm’s Managing Partner and Founder, Laurence A. Tosi, will join FLYR’s board of directors to support its global expansion. Tosi’s extensive experience in the financial services and travel sectors, including leadership roles at Airbnb and Blackstone, will be instrumental as FLYR continues to drive innovation and growth in the travel industry.
