Skyryse lands another $300M to make flying, even helicopters, simple and safe

Skyryse, an innovative aviation automation startup based in El Segundo, California, has successfully raised over $300 million in its Series C funding round. This latest investment elevates the company's valuation to an impressive $1.15 billion, marking its entry into the unicorn club. Announced on Tuesday and spearheaded by Autopilot Ventures, this funding serves as a significant catalyst for Skyryse as it approaches the final stages of the Federal Aviation Administration (FAA) certification for its advanced flight control system. The raised capital will facilitate the integration of its proprietary operating system, SkyOS, across a variety of aircraft, including U.S. military Black Hawk helicopters. The funding round saw participation from notable investors such as Fidelity Management & Research Company, ArrowMark Partners, and Qatar Investment Authority, among others. Since its inception in 2016, Skyryse has garnered over $605 million in equity investment, establishing strong relationships not only with private sector players but also with the U.S. military and emergency services. Skyryse's flight system stands out by replacing numerous mechanical controls with a streamlined interface that automates complex flying tasks, thereby enhancing pilot skills and safety. Although it is not a fully autonomous solution—pilots remain in control—the system simplifies operations significantly, allowing for flight adjustments with just a swipe on a touchscreen. The startup has already secured contracts with companies like United Rotorcraft and Mitsubishi Corporation, who are integrating SkyOS into various aircraft. Initially focusing on helicopters, which are notoriously difficult to operate, Skyryse aims to adapt its technology for all types of aircraft. The Skyryse One operating system automates essential flight functions, including takeoff, landing, and emergency procedures. Following significant advancements in its certification process, the FAA granted final design approval for Skyryse's flight control computers last year. The company now needs to complete formal flight testing to achieve full certification and bring its innovative system to market.