MySky built an exclusive AI-powered spend management platform designed for the private aviation industry. The newly secured capital of $5 million will enable the expansion of MySky’s operations and technology into the Americas under the direction of the new Head of Americas Jean De Looz.
For years, the private jet industry has lacked financial consistency and transparency, causing widespread confusion, inefficiencies, and avoidable costs. As economic uncertainties abound due to COVID-19, it has become increasingly crucial for the industry to standardize prices and establish order. MySky, the only spend management platform designed for the private aviation industry, solves this problem with proprietary IT tools, cutting-edge artificial intelligence, optical character recognition and machine learning (ML).
MySky’s industry-leading platform provides private jet owners, operators, and consultants with the tools needed to optimize time and improve procurement and expense management, offering more control and visibility on how money is spent. The company’s unique position as an independent, third-party player has established it as a trusted partner for all industry stakeholders.
Since its launch in 2016, the startup has been thriving within the European market, with 60% growth reported in the first quarter of 2020. Adding to its offices in Geneva, London, and Moscow, MySky has now opened a new office in New York to introduce its platform to the Americas officially. This strategic move comes after the receipt of $5 million in a financing round led by New York City-based GMF Capital, a leading private investment management platform for private equity, real estate and alternative investments. The Global Trading Group also contributed to the round.
“Our successful ramp-up in Europe made it clear that owners and operators see immense value in our product, and we are excited to introduce our platform to the North American market.”
MySky is also welcoming De Looz as Head of the Americas. De Looz is a seasoned sales and operations executive with more than 14 years of experience in the business aviation industry has a wide scope of expertise spanning flight operations, aircraft charter sales, OEM aircraft sales and asset management. His experience further elevates his leadership skills as a commercial aviator and instructor pilot. In his new role, he will apply his expertise to spearhead MySky's growth in the Americas, with a particular focus on the U.S.
(Press release/RAN)
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