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To relentlessly apply advanced and intuitive technologies that help transportation leaders unlock their ultimate potential.
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The airline industry is gargantuan, being responsible for hundreds of billions of revenue per year, and yet in managing their revenue, airline operators have traditionally used relatively simplistic regression models based on few variables. FLYR’s deep learning platform dramatically upgrades airline’s pricing strategy by ingesting a whole host of data provided by the airline to predict demand and revenue, and set the price.
FLYR’s technology takes into account information such as bookings, accounting data, searches, capacity, and even weather and promotions. After proving itself capable of delivering 5%-plus revenue uplifts for airlines, the company began fleshing out its offerings to keep up with the requirements of its large and growing customer base.
FLYR have made a significant number of acquisitions in recent years; including Pace Revenue, a UK-based seller of rate-setting tools for hotels and lodging companies. This activity tunes in to the expectation that the company will bring its sophisticated pricing models to other sectors of the travel industry. FLYR has also gained new partner airlines in JetBlue and Azul, showing that its core offering has not lost any of its traction.
Freddie
Company Specialist at Welcome to the Jungle
Aug 2024
$225m
SERIES D
Sep 2021
$150m
SERIES C
This company has top investors
Alex Mans
(CEO)Serial entrepreneur who founded successful startups in the Network Security and HealthTech space in Amsterdam before founding FLYR Labs.
Software Engineering
Marketing
Product
Sales & Account Management