Boom raises $33M in new funds to finish development of XB-1 supersonic plane

Monday March 27, 2017 0 comments Tags: Denver, Boom Supersonic, Blake Scholl, XB-1 Supersonic Demonstrator, Sam Altman, Greg McAdoo

DENVER -- Aerospace developer Boom Supersonic announced it recently raised $33 million in Series A funding in a round that included 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures, and Y Combinator’s Continuity Fund, as well as several angel investors.boom-logo

Blake Scholl, Boom’s CEO and founder, said the round brings the company’s total funding to $41 million.

"That is  enough capital for Boom to finish building the XB-1 Supersonic Demonstrator, execute our flight test program, and set a new speed record for civil aircraft," Scholl said in a company statement.

“This is a key step on our mission to make Earth’s places and people more accessible."

As part of this round, Y Combinator President Sam Altman and investor/entrepreneur Greg McAdoo will join Boom’s board of directors, Scholl said.

Boom is aiming to build a supersonic commercial airplane to make long-distance travel significantly faster.