A Series C round of $150 million from a string of high-profile venture capital organizations has been secured by Flyr.
The U.S.-based company has won the backing from lead investor and growth equity company WestCap.
Others participating in the round include Silver Lake Waterman, WindrCo, Peter Thiel, Streamlined Ventures, JetBlue Technology Ventures and Gopher Asset Management.
It is Flyr's largest round to date, following a Series B investment of $22 million in June 2019.
The fresh round of capital will be used build out technology, develop its customer service team and support strategic acquisitions.
Flyr claims the buiness will be managing more than $14 billion of revenue for its airline customers.
Earlier this month, Flyr acquired Faredirect and xCheck to boost its solutions for carriers.
Terms of the deals were undisclosed but the company said the acquisitions added advanced ancillary revenue and fare marketing technology to its existing capabilities.
The core Flyr product includes tools to improve revenue performance of airlines and unify decision-making across departments.
CEO and founder Alex Mans says: "Over the last 18 months, massive fluctuation across airline networks has validated the need for modern, AI-powered real-time solutions.
"This funding will ensure that we continue to scale and provide advanced, intuitive technology that addresses the dynamic needs of our transportation customers."
* Check this interview with Mans, recorded for the How I Got Here podcast in November 2020.
How I Got Here, episode 49 - Alex Mans of Flyr