Flyr

AI platform for optimizing travel decisions

Santa Monica, California, United States

About Flyr

FLYR Labs operates in the travel and transportation technology sector, providing a platform that uses artificial intelligence to help companies make better commercial decisions. Their platform gathers and organizes data from various sources specifically for the travel and transportation industry, ensuring that the information is accurate and reliable. One of the standout features of FLYR's platform is its ability to give immediate forecasts that help companies maximize the use of their cargo space, leading to increased efficiency and profits. Additionally, FLYR focuses on modern retailing, allowing airlines to create dynamic offers that enhance the customer experience from the initial inspiration to the final purchase and travel. Recently, FLYR partnered with Roam Around to develop an Enterprise AI Concierge, which helps airlines and hotels create personalized itineraries for travelers. FLYR likely earns revenue through subscription or licensing fees for its platform and services.

Santa Monica, CaliforniaHeadquarters
2013Year Founded
$379.7MTotal Funding
SERIES_DCompany Stage
Automotive & Transportation, Consumer Software, AI & Machine LearningIndustries
501-1,000Employees

Risks

Increased competition from AI-driven platforms like Amadeus and Sabre.
Potential regulatory challenges related to data privacy and AI usage in travel.
Rapid technological advancements could render FLYR's platform obsolete if not updated.

Differentiation

FLYR integrates AI to optimize commercial decisions for travel and transportation companies.
FLYR's platform offers immediate forecasts to maximize cargo utilization and efficiency.
FLYR's strategic partnership with Roam Around enhances bespoke travel itineraries for customers.

Upsides

FLYR raised $295M in Series D funding for global expansion and product scaling.
Partnership with IBM enhances airline retailing technologies for seamless travel purchases.
Growing demand for AI-driven security systems boosts FLYR's market potential.