How it started
History
The company was founded in Denver in 2014.
It participated in a Y Combinator startup incubation program in early 2016, and has been funded by Y Combinator, Sam Altman, Paul Graham, Alex Gerko, Michael Moritz, Bessemer Venture Partners, Seraph Group, and others.
In March 2017, $33 million was invested by several venture funds: Continuity Fund, RRE Ventures, Palm Drive Ventures, 8VC and Caffeinated Capital.
Boom secured $43 million of total financing by April 2017.
In 2017, Japan Airlines invested $10 million, as part of a Series B fundraising round that brought the company capital to $156 million by 2020: enough to build the XB-1 demonstrator and complete its testing, and to start early design work on the 60-80-seat airliner. As of 2025, the company has raised over $600 million in investor funding.
From Wikipedia’s article on Boom Technology, shared under CC BY-SA 4.0.3