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**Skyryse Soars to New Heights with Record-Breaking Funding**
California-based startup Skyryse has just broken records with a whopping $300 million Series C funding round led by Autopilot Ventures. This massive injection of cash has catapulted its valuation to a staggering $1.15 billion – a testament to the power of its revolutionary flight management system, SkyOS.
So, what’s the big idea behind SkyOS? In a nutshell, it’s designed to simplify flight for the better by ditching mechanical flight controls and replacing them with advanced flight computers. It’s not about replacing pilots entirely, but rather enhancing their skills and boosting safety. By automating the complex and hazardous aspects of flying, SkyOS makes flying safer and more accessible for everyone.
The startup has won over the hearts (and wallets) of investors, the US military, emergency medical services, law enforcement, and private operators. Who’s on board? United Rotorcraft, Air Strategies, and Mitsubishi Corporation – just to name a few. These industry giants have partnered with Skyryse to integrate SkyOS on various helicopters and airplanes, all thanks to its ease of use (hello, simple swipe on a touchscreen!).
**From Helicopters to Planes: The Skyryse Story**
Initially, Skyryse focused on helicopters – one of the most challenging aircraft to operate. But they’ve since expanded their reach to the Black Hawk helicopter, and the goal is to bring SkyOS to all types of planes. Imagine flying made safer and more accessible for everyone – that’s the future of flight.
**The Road to Certification**
Skyryse has made some serious progress in the FAA certification process. Last year, the FAA granted design approval for SkyOS’s flight management computer systems. Next up? Formal flight testing and verification to achieve full certification. With this funding round led by Autopilot Ventures, along with investors Fidelity Management & Research Company, ArrowMark Partners, and Qatar Investment Authority, Skyryse is poised for continued growth and innovation in the aviation industry.
Skyryse has now raised over $605 million in equity capital, so it’s clear they’re on a roll. What’s next for this trailblazing startup? One thing’s for sure – the future of flight just got a whole lot brighter.
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