SkySelect Secures $9M to Revolutionize Aircraft Parts Procurement with AI, Reducing $50B in Excess Inventory

The aviation industry is on the cusp of a significant transformation, courtesy of SkySelect, an Estonian-founded AI-powered procurement platform. With a recent $9 million funding injection, SkySelect is poised to further modernize the legacy systems that have long plagued airlines and maintenance providers. The current state of affairs is stark: airlines globally hold approximately $50 billion in excess parts inventory, while aircraft-on-ground (AOG) incidents cost them around $30 billion annually.



The inefficiency is rooted in manual and fragmented procurement processes that can keep planes grounded for days or weeks. SkySelect's innovative approach employs specialized AI to match aircraft part requests with optimal suppliers from its vast network of vendors worldwide, providing real-time market visibility. This targeted strategy enables just-in-time procurement, thereby reducing the need for costly safety stock and minimizing logistics costs and carbon emissions.



Since its inception, SkySelect has processed over $6 billion in transactions, with a notable $1.3 billion completed in 2025 alone. The company's growth is underscored by its ability to secure one new major client per month, with recent additions including notable airlines such as JetBlue and Vueling. The funding round, co-led by Verb Ventures and RockCreek, also saw participation from SmartCap Green Fund and existing investors.



For everyday users, this could mean fewer flight delays and cancellations due to missing parts. From an industry perspective, the implications are profound. Airlines and maintenance providers can look forward to a more reliable, predictable, and sustainable supply chain. The broader market effect could reshape how procurement is approached across industries, highlighting the potential of AI in solving complex logistical challenges.



The investment will be utilized to enhance SkySelect's AI sourcing and procurement optimization tools, further solidifying its position in the $40 billion aircraft materials market. With plans to expand its workforce across the USA, India, and Estonia, SkySelect is gearing up to meet the growing demand for its services.



The significance of SkySelect's funding extends beyond the aviation industry. It underscores the growing importance of AI in streamlining complex supply chains and the potential for significant cost savings and efficiency improvements. As the company continues to pioneer the application of AI in aviation parts procurement, it sets a compelling precedent for other industries to follow suit.



In conclusion, SkySelect's $9 million funding is not just a financial milestone but a testament to the power of innovation in addressing long-standing inefficiencies. As the aviation industry looks to the future, SkySelect is at the forefront, leading the charge towards a more modern, efficient, and sustainable procurement system.