Boom Technology, also known as Boom Aero and Boom Supersonic, is a company designing, developing and manufacturing supersonic passenger aircraft that is headquartered in Englewood, Colorado and was founded in 2014 by Blake Scholl, Joe Wilding, and Joshua Krall.
On March 22, 2016 Boom Technology announced receiving an undisclosed amount of seed funding from Y Combinator, Pi Campus, Homebrew, Jude Gomila and Louis Beryl. On July 29, 2016 Boom Technology expanded their seed funding round with an undisclosed amount of money from Matt Bellamy.
On March 22, 2017 Boom Technology completed their series A funding round with $33 million in capital from 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures and YC’s Continuity Fund. The series A funding round brought the total amount of venture capital raised by Boom Technology to $41 million.
The CEO and founder of Boom Technology made the following statements regarding the company's series A funding round:
This funds our first airplane, all the way through flight tests. Now we have all the pieces we need – technology, suppliers and capital – to go out and make some history and set some speed records.
On January 4, 2019 Boom Technology completed their series B funding round with $100 million in funding from Y Combinator, Sunstone Management, SV Angel, Pi Campus, Japan Airlines, Emerson Collective, and Caffeinated Capital. There were several investors in the series B round which did not disclose their names but are known to be founders and early backers of Google, Airbnb, Stripe, and Dropbox.
On January 21, 2020 Boom Technology announced a partnership agreement with Flight Research, Inc., a company specializing in flight certification, flight testing, and pilot training. The partnership will focus on developing the supersonic passenger jet Boom Technology is working on called the XB-1 demonstrator aircraft. Flight Research, Inc., will be providing an aircraft hanger at the Mojave Air and Space Port to launch and land the XB-1 aircraft, and a supersonic trainer aircraft to train XB-1 pilots and observe the XB-1 while it's in flight.
Boom Supersonic raises $33M to build the fastest airplane for passenger flight
March 22, 2017