Total amount raised
$233.5 Millions
Latest funding date
10/1/2021
Location
Skyryse has successfully raised significant funding through multiple rounds, with the latest being a Series B round. The company is backed by a diverse group of 27 investors, including Rosecliff Ventures and Infinite Capital.
Keep reading to delve into the details of Skyryse's fundraising journey and discover the key investors supporting this innovative aerospace company.
What Is Skyryse?
Skyryse, founded in 2016, is an aerospace company based in El Segundo, California. The company was established by Mark Groden and Mitch Adler.
Skyryse specializes in developing advanced flight automation technology, including their flagship product, SkyOS. This fully digitized aircraft operating system aims to enhance safety and efficiency in aviation.
With a team of 101-250 employees, Skyryse continues to innovate in the aerospace industry, making flight safer and more accessible.
How Much Funding Has Skyryse Raised?
- Seed Round
- Amount Raised: $3M
- Date: December 2016
- Lead Investors: Eclipse Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop initial flight automation technology.
- Series A
- Amount Raised: $15M
- Date: December 2017
- Lead Investors: Venrock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate the development of SkyOS.
- Series B
- Amount Raised: $13M
- Date: December 2019
- Lead Investors: Cantos
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue the development of flight automation technology and begin market integration.
- Debt Financing
- Amount Raised: $2.5M
- Date: May 2020
- Lead Investors: Infinite Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and ongoing projects during the pandemic.
- Series B
- Amount Raised: $200M
- Date: October 2021
- Lead Investors: Fidelity, Monashee Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of FlightOS and integrate it with major aircraft manufacturers.
Skyryse has raised a total of $233.5M. The current valuation is not publicly disclosed.
Key Investors
- Fidelity
- Details: Fidelity is a multinational financial services corporation known for its investment management and financial planning services. It is one of the largest asset managers in the world.
- Investment Focus Areas: Investment management, financial planning, various financial services.
- Notable Investments: Uber, SpaceX, Airbnb.
- Monashee Investment Management
- Details: Monashee Investment Management is an investment firm that focuses on high-growth sectors. They are known for their strategic investments in technology and healthcare.
- Investment Focus Areas: Technology, healthcare, high-growth sectors.
- Notable Investments: Not publicly disclosed.
- Infinite Capital
- Details: Infinite Capital is a venture capital firm that invests in early-stage technology companies. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not publicly disclosed.
- Cantos
- Details: Cantos is a venture capital firm that invests in transformative technology companies. They focus on startups that have the potential to disrupt existing markets.
- Investment Focus Areas: Transformative technology companies.
- Notable Investments: Not publicly disclosed.
- Venrock
- Details: Venrock is a venture capital firm that focuses on early-stage and growth-stage investments. They have a strong track record in the technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Apple, Intel, Illumina.
What's Next for Skyryse?
Skyryse stands on the brink of transforming the $7 trillion global transportation sector, with their FlightOS technology poised to make flying as simple as driving. By partnering with major manufacturers like Robinson Helicopters, they aim to integrate this advanced automation into a significant portion of the world's new general aviation aircraft. This opportunity could double the market size by 2030, making air travel more accessible and safer.
Future fundraising seems promising, given the successful Series B round led by Fidelity and Monashee Investment Management. However, challenges such as achieving FAA certification and ensuring widespread adoption of their technology remain. Navigating these hurdles will be crucial for Skyryse as they continue to innovate and expand.
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