Farel Analysis: $850K Raised
What is Farel?
Farel provides an airline operating system that covers inventory, reservations, departure control, distribution, payments, and finance. Its AI Copilot can cancel flights, refund bookings, and create reservations from a passport photo in five languages. The company says the platform is live on four continents, processes more than 1 million passengers annually, and maintains 99.999% uptime.
Location
2261 Market St, San Francisco, California 94114, United States
Employees
11-50
Founded
2020
Revenue
$5-6.1M
Product Features & Capabilities
- African airlines solutions, Startups solutions, Inventory management, Departure control, Customer-facing technology, Multichannel distribution, Integrated payments platform, Internet Booking Engine (IBE), Mobile App, API for OTAs, Agency Platform, Automation of refunds, rebookings, and cancellations.
Pricing
- All-inclusive price: Access our entire platform with no extra per-feature fees.
- Pay per-passenger boarded: Straightforward per-passenger boarded based pricing.
- No more hidden fees: No implementation, training, and monthly minimum fees.
- Pay as you go: Simplified, pay-as-you-go pricing adapts to the unique needs of your airline.
How much Farel raised
Pre-Seed - $850K
August 27, 2020Lead Investor: Y Combinator, Sturgeon Capital
Who are the founders of Farel
AO
Askhat Omarov
Founder/CEO
Market Focus
Farel primarily focuses on the airline industry, providing software solutions that optimize operations for growing airlines, including inventory management and customer-facing technology.
Investors
- Y Combinator
- Zentani Capital
- Richard Chen
- Cameron Hogan
- David Hughes
- Josh Hannah
Business Model
Pay-as-you-go pricing model with per-passenger boarded charges and no hidden fees.
Competitors Overview
Farel's main competitors in the airline software market include:
-
TravelPerk: An all-in-one corporate travel management tool that offers a vast inventory of business travel options. It is noted for its user-friendly interface and comprehensive booking capabilities, making it ideal for corporate travel management.
-
Signature: A cloud-based ERP solution tailored for travel agencies, designed to assist with reservations and client data management. It offers features like custom package creation and payment processing, appealing to both small and large agencies.
-
Resfinity: An online booking engine focused on airlines and tour operators, emphasizing an intuitive shopping experience and robust business rules for managing customer journeys.
-
ameliaRES: A passenger service system that helps airlines manage reservations and inventory, offering features like sales channel integration and data analysis.
-
AvAIO: Designed for managing flight reservations and ground operations, it includes features such as schedule management and e-ticketing.
-
Comply365: Focuses on compliance management solutions for the aviation sector.
-
iJet Technologies: Transforms traditional aviation business processes into a flexible, software-defined infrastructure.
-
MINT Software Systems: Offers a Training Management System specifically for the aviation industry.
-
ELMS Aviation: Provides compliance management software tailored for aviation engineering and maintenance.
Farel differentiates itself by offering a comprehensive software platform that integrates multiple functionalities to streamline operations, which may appeal to airlines looking to minimize vendor complexity.
See something that needs updating? Suggest edits to this profile.