What is Boom?
Founded in 2014, Boom operates at the intersection of aerospace engineering and commercial aviation. The company is dedicated to the design and manufacture of supersonic airplanes, aiming to restore the era of high-speed flight for the modern passenger. By leveraging advanced materials and aerodynamic innovations, Boom is positioning itself as a disruptive force within the aerospace sector, challenging traditional flight timelines and operational standards. Its market position is bolstered by a diverse array of backers ranging from venture capital firms to strategic government partnerships.
How much funding has Boom raised?
Boom has raised a total of $512.4M across 7 funding rounds:
Private Equity
$6.4M
Series A
$33M
Private Equity
$10M
Series B
$100M
Unspecified
$3M
Grant
$60M
Unspecified
$300M
Private Equity (2016): $6.4M, investors not publicly disclosed
Series A (2017): $33M led by 8VC, Y Combinator, RRE Ventures, Palm Drive Ventures, and Caffeinated Capital
Private Equity (2017): $10M supported by Japan Airlines
Series B (2019): $100M featuring Caffeinated Capital, Y Combinator Continuity, Paul Graham, Sam Altman, Emerson Capital, SV Angel, Ron Conway, and Michael Marks
Unspecified (2020): $3M backed by Undisclosed
Grant (2022): $60M with participation from U.S. Air Force
Unspecified (2025): $300M led by Y Combinator, ARK Investment Management, Bessemer Venture Partners, and Altimeter Capital
Key Investors in Boom
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
ARK Investment Management
ARK Invest is a global asset manager that specializes in thematic investing focused on disruptive innovation, targeting companies expected to lead transformative technological shifts.
Bessemer Venture Partners
Bessemer Venture Partners is a long-standing venture capital firm with a global footprint, known for supporting early-stage and growth-stage companies across various high-impact industries.
What's next for Boom?
With this recent capital injection, Boom is well-positioned to accelerate its engineering and testing phases. The company's strategic roadmap likely involves scaling its manufacturing capabilities and navigating the complex regulatory landscape inherent to supersonic flight. By maintaining strong ties with both private investors and defense-oriented entities, Boom is effectively de-risking its path to market. Future growth will depend on the successful integration of its proprietary technology into the global aviation ecosystem, ensuring that the company remains at the forefront of the next generation of aerospace innovation.
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