MySky designs AI-powered spend management platform for the private aviation industry. Credit: Ferry Octavian.

Artificial intelligence (AI)-powered spend management platform MySky has raised $5m in new financing round.

The latest funding was led by New York City-based private investment management platform for private equity, real estate and alternative investments GMF Capital.

Global Trading Group also took part in the funding round.

The investment will enable the company to expand its operations and technology into the Americas.

MySky co-founder and global strategy director Christopher Marich said: “At MySky, we are committed to making a positive change in the highly unregulated private jet industry.

“As we approach a market downturn due to recent world events, we are able to provide our clients with the tools they need to manage their assets more effectively.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Our successful ramp-up in Europe made clear that owners and operators see immense value in our product, and we are excited to introduce our platform to the North American market.”

Headquartered in Switzerland, MySky provides tools to private jet owners, operators, and consultants for procurement and expense management.

The company has offices in Geneva, London and Moscow, as well as a new office in New York. It is planning to officially introduce its platform to the Americas.

In a separate development, MySky selected Jean De Looz to head the Americas. De Looz will work for the growth of the company in the Americas, especially the US.