SkySelect Raises $9 Million to Transform Aircraft Parts Procurement…

Team S · 2026-03-13T14:03:44.000Z

AI-driven aviation procurement platform SkySelect has secured $9 million in a new funding round aimed at expanding its technology that helps airlines and maintenance providers streamline aircraft-parts sourcing. The round was co-led by Verb Ventures and RockCreek, with additional participation from SmartCap Green Fund, Bain Capital Ventures, and Lux Capital. SkySelect develops specialized AI software designed to modernize how airlines and maintenance, repair, and overhaul (MRO) organizations procure aircraft components. Aviation supply chains often rely on fragmented manual systems, leading to delays, excess inventory, and operational inefficiencies. The company’s platform uses AI algorithms to match aircraft-part requests with optimal suppliers across a global network of vendors, allowing airlines to source components faster while maintaining better price visibility and supply reliability. Airlines collectively hold around $50 billion worth of excess aircraft-parts inventory, while aircraft-on-ground (AOG) incidents caused by missing components cost the industry roughly $30 billion annually. By enabling more efficient procurement and inventory optimization, SkySelect aims to reduce these operational bottlenecks and improve supply-chain resilience. Since its launch, the company has processed more than $6 billion in aviation-parts transactions, including about $1.3 billion in 2025 alone, highlighting growing adoption among global airlines. Recent customers include JetBlue, Sun Country Airlines, Air Transport Services Group, Widerøe, and Vueling. The newly raised capital will be used to enhance SkySelect’s AI sourcing and procurement optimization tools, while also supporting hiring across product development, data science, and customer success teams.

Member Login Get Access

SkySelect Raises $9 Million to Transform Aircraft Parts Procurement… | Newnex