Boom SuperSonic

Industrial

Founded: 2014

Last Round Valuation: $1.37B

Boom Supersonic is a pioneering company in the field of commercial air travel, specializing in supersonic technology. Their flagship aircraft, Overture, sets a new benchmark for speed, safety, and sustainability in the industry. Boom is actively collaborating with the United States Air Force and United Airlines to explore government applications of Overture and revolutionize commercial aviation. In 2020, Boom made a significant breakthrough with the introduction of the Boom XB-1 demonstrator aircraft. This remarkable innovation was recognized by TIME magazine as one of the Best Inventions of 2021, highlighting the company's commitment to pushing the boundaries of aeronautical engineering. Boom Supersonic has garnered substantial support from prominent investors who share their vision for the future of air travel. Notable backers include Bessemer Venture Partners, Prime Movers Lab, Emerson Collective, and American Express Ventures, solidifying the confidence and financial backing behind Boom's transformative endeavors.

Boom Supersonic Overview:

Boom Supersonic is a pioneering company that aims to revolutionize commercial air travel through the use of supersonic technology. Their primary focus is on developing advanced aircraft and solutions that meet the growing demands for faster, safer, and more sustainable air transportation.

At the forefront of Boom Supersonic's innovation is their flagship aircraft, Overture. Designed to surpass the speed of sound, Overture represents a new era in supersonic commercial airliners. The aircraft is engineered to meet rigorous standards of speed, safety, and environmental sustainability, offering an enhanced travel experience for passengers and opening up new possibilities for global connectivity.

Boom Supersonic has formed strategic partnerships to advance their technological advancements. They are actively collaborating with the United States Air Force to explore potential government applications of the Overture aircraft. This collaboration highlights the versatility and adaptability of Boom's supersonic technology beyond commercial use.

Another key partnership is with United Airlines, one of the world's leading airlines. United Airlines has shown a strong interest in Boom's supersonic aircraft and has plans to incorporate Overture into their fleet. This partnership demonstrates the industry's recognition of Boom's innovative approach and their commitment to shaping the future of air travel.

In 2020, Boom Supersonic achieved a significant milestone with the introduction of the Boom XB-1 demonstrator aircraft. This prototype aircraft serves as a proof of concept for their supersonic technology and showcases the company's capabilities in aircraft design and engineering. The XB-1 demonstrator was honored by TIME magazine as one of the Best Inventions of 2021, further validating Boom's commitment to pushing the boundaries of aviation.

Boom Supersonic has garnered support from a notable group of investors who believe in their vision and technological advancements. These investors include Bessemer Venture Partners, Prime Movers Lab, Emerson Collective, and American Express Ventures. The backing of these investors provides financial support and expertise to help propel Boom Supersonic's ambitious goals.

Overall, Boom Supersonic is spearheading innovation in commercial air travel through their supersonic technology. With their focus on speed, safety, and sustainability, and strategic collaborations with industry leaders, Boom is well-positioned to redefine the future of air transportation and provide a transformative travel experience for passengers around the world.

Founders:

  • Blake Scholl

Top Investors:

  • WRVI Capital

  • 8VC

  • Caffeinated Capital

  • Palm Drive Ventures

  • Emerson Capital

  • Y Combinator Continuity Fund

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Apr 2021 Series C-1 $5MM $402.65MM $52.74 $1.37B Undisclosed Investors
Dec 2020 Series C $241.7MM $397.65MM $52.74 $1.37B WRVI Capital
Apr 2020 Series B-1 $3.13MM $155.96MM $45.52 $888.02MM Undisclosed Investors
Jan 2019 Series B $110.96MM $152.82MM $43.12 $881.36MM Emerson Capital, Y Combinator Continuity Fund, Caffeinated Capital
Mar 2017 Series A $41.87MM $41.87MM $9.14 $136.87MM 8VC, Caffeinated Capital, Palm Drive Ventures

In the News:

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