SkySelect raises $9M
SkySelect closed a US$9M funding round to scale its AI aviation procurement platform, the company (openpr.com). The raise will fuel product expansion and makes SkySelect a vendor to watch for airlines and MRO procurement modernization.
The round was co‑led by Verb Ventures and RockCreek, with participation from SmartCap Green Fund, Bain Capital Ventures and Lux Capital. (skyselect.com) SkySelect reported it has processed more than $6 billion in transactions to date, including $1.3 billion processed in 2025 alone. (skyselect.com) Recent customer additions named by the company include JetBlue, Sun Country Airlines, Air Transport Services Group (ATSG), Widerøe and Vueling. (skyselect.com) SkySelect said it operates a supplier network of thousands of vendors worldwide and is onboarding roughly one new major client per month. (skyselect.com) The company highlighted integrations with major ERP providers as a route to end‑to‑end procurement automation and cited procurement tech improvements that can cut shipments by up to 30% while lowering parts-on-hand. (skyselect.com) SkySelect pointed to industry scale inefficiencies in its announcement, noting carriers hold about $50 billion in excess parts inventory globally and that aircraft‑on‑ground incidents cost roughly $30 billion per year. (skyselect.com)
