Unicorn Nest news
WestCap and Peter Thiel-backed FLYR Labs closes $150M Series C
– FLYR Labs, a deep learning platform for airlines, raised $150m in Series C funding.
– The funding round was led by WestCap, with participation from Silver Lake Waterman, WndrCo, as well as Peter Thiel, Streamlined Ventures, JetBlue Technology Ventures and Gopher Asset Management.
– The company plans to use the funding to grow its core business and expand into other verticals.
Unicorn Nest news
Universal Hydrogen Announces $20.5M in Series A Funding to Build and Test Full-Scale Hardware for Hydrogen Commercial Aircraft
– Universal Hydrogen announced its $20.5M Series A financing round.
– The round was led by Playground Global with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
– The company is building a fuel distribution network that connects hydrogen production directly to the airplane using modular capsules that are transported using the existing freight network, avoiding the need for costly new pipelines, storage facilities, and fuel trucks.
– First commercial flights are planned no later than 2025, with operating costs equivalent to those of conventional hydrocarbon-burning airplanes and decreasing rapidly thereafter.
