FLYR, a data science company that applies predictive analytics and machine learning to the world of travel, announced today it has completed a $8 million Series A round of funding.
The funding round was led by Peter Thiel, who was joined by existing investors such as JetBlue Technology Ventures, AXA Strategic Ventures, Western Technology Investment, and Chasm Capital Management.
The investment will help the San Francisco startup aggressively expand its suite of fare prediction and booking optimization solutions. Phin Upham will join FLYR’s Board of Directors.
“We are invigorated by Peter Thiel’s investment in FLYR,” said Jean Tripier, Chief Executive Officer of FLYR. “Our fare prediction platform enables solutions that provide peace of mind for travelers, and now we can push innovation even further and faster to meet the demand for new and better ways to book your next trip.”
Founded in 2013, FLYR’s products help travelers take the guessing game out of volatile airfare prices along with giving travel providers valuable insights into customer demand and new revenue streams.
“This investment will enable us to take a variety of new solutions to market, optimizing travelers’ time of booking or the way they pay for their trip,” said Alex Mans, Chief Technology Officer at FLYR.