The round, which was announced Tuesday and led by Autopilot Ventures, provided a multimillion-dollar accelerant for the startup as it nears the end of a lengthy Federal Aviation Administration certification process for its flight control system. The capital will also be used to integrate its operating system, known as SkyOS, across numerous aircraft, including U.S. military Black Hawk helicopters. Other investors in this round include Fidelity Management & Research Company, ArrowMark Partners, Atreides Management LP, BAM Elevate, Baron Capital Group, Durable Capital Partners, Positive Sum, Qatar Investment Authority, RCM Private Markets Fund managed by Rokos Capital Management, and Woodline Partners. The startup, which was founded in 2016, has raised more than $605 million in equity capital. Skyryse has made inroads with investors as well as the U.S. military, emergency medical service operators, law enforcement, and private operators for its simplified flight system. The startup...
learn more
