"Skyryse, an El Segundo, California-based aviation automation startup, has raised more than $300 million in a Series C investment, pushing its valuation to $1.15 billion and into unicorn territory. The round, which was announced Tuesday and led by Autopilot Ventures, provided a multi-million-dollar accelerant for the startup as it nears the end of a lengthy Federal Aviation Administration certification process for its flight control system."
"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 has stripped out dozens of mechanical flight controls like gauges and switches and replaced them with a system containing several flight computers that automate the more complicated and dangerous aspects of flying."
"This is not a fully autonomous system; a pilot must still handle the operations. But it's designed to automate the trickiest aspects of flying, enhance the skills of pilots, and improve safety. That simplicity and ease of operation - a literal swipe of the finger on a touchscreen - has won over companies like United Rotorcraft, Air Methods, and Mitsubishi Corporation, which have contracts with Skyryse to integrate SkyOS on a variety of helicopters and airplanes."
Skyryse raised more than $300 million in a Series C that values the company at $1.15 billion as it nears completion of Federal Aviation Administration certification for its flight control system. The funding, led by Autopilot Ventures, will support integration of SkyOS across multiple aircraft types, including U.S. military Black Hawk helicopters. Founded in 2016, Skyryse has secured over $605 million in equity and a range of investors. Skyryse replaces mechanical gauges and switches with flight computers that automate complex and dangerous flight tasks while keeping a pilot in control to enhance skills, safety, and ease of operation.
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