Boom Technology

Boom Technology

A company designing, developing and manufacturing supersonic passenger aircraft.

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.

Funding

Seed

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.

Series A

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.

Series B

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.

Partnerships

Flight Research, Inc

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.

Timeline

January 2019

Boom Technology raises a $100,000,000 series B round from Sunstone Management and Y Combinator.

March 2017

Boom Technology raises a $41,868,220 series A round from Palm Drive Capital, Caffeinated Capital, YC Continuity, 8VC and RRE Ventures.

2014

Boom Technology was founded.

Funding rounds

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Investment
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People

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Further reading

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Boom Supersonic raises $33M to build the fastest airplane for passenger flight

Darrell Etherington

Web

March 22, 2017

Documentaries, videos and podcasts

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Companies

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News

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Description
May 15, 2019
WebWire
Dassault Systèmes (Euronext Paris: #13065, DSY.PA) today announced that Boom Supersonic is deploying the 3DEXPERIENCE platform to accelerate the design and development of Overture, its Mach-2.2 commercial airliner, with an aim to make supersonic travel mainstream and affordable. Boom Supersonic is using Dassault Systèmes' "Reinvent the Sky" industry solution experience based on the 3DEXPERIENCE platform to support product development from concept through manufacturing and certificat...
Lucas Matney
Invalid Date
TechCrunch
One Denver-based startup's long-shot bid to move today's commercial jets beyond supersonic speeds just got a big injection of cash. Boom Supersonic, which is building and designing what it calls the "world's first economically viable supersonic airliner," announced today tha...

References

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