Jet.AI Inc.
Category: AI Infrastructure
A technology-driven company focused on AI data center infrastructure development across North America, securing and advancing shovel-ready sites for hyperscale computing. Jet.AI Inc. was founded in 2018. The company is led by George Murnane. Based in Las Vegas, NV. Team size: 50-100. Total funding raised: ~$22.0M+. Latest round: Registered Direct Offering ($1.5M, Oct 2024). Key investors include Oxbridge Acquisition Corp, Gem Global Yield LLC, Retail Investors (via StartEngine).
- Founded
- 2018
- Headquarters
- Las Vegas, NV
- Team size
- 50-100
- Total funding
- ~$22.0M+
Value proposition
Develops AI data center infrastructure across North America by securing and advancing shovel-ready sites with power, connectivity, and acreage that hyperscalers require.
Products and solutions
AI Data Center Infrastructure Development (Powered Land Sites), Manitoba Hyperscale Campus (Multi-hundred MW), Maritimes Campus (~500 MW), Moapa, NV Campus (50+ MW)
Unique value
Secures and develops shovel-ready data center sites across North America, focusing on the earliest and most critical phase of development - securing land, power, and connectivity before construction begins.
Target customer
Enterprises requiring high-performance AI computing (GPU), private aviation operators (B2B software), and eco-conscious travelers (carbon offsetting).
Industries served
Artificial Intelligence Infrastructure, Data Centers, GPU Cloud Services
Technology advantage
Strategic Joint Venture (Convergence Compute LLC) with Consensus Core Technologies for Canadian hyperscale data center campuses; three active projects spanning 1+ GW combined capacity across Manitoba, Maritimes, and Nevada.
How they differentiate
Focuses on the earliest, most capital-efficient phase of data center development - securing powered land sites - rather than building and operating data centers directly; asset-light model with seasoned development partners.
Main competitors
Wheels Up, Vista Global (XO), CoreWeave, Applied Digital
Key partnerships
Consensus Core Technologies (Convergence Compute LLC JV), flyExclusive (merger agreement, closing April 2026), AI Infrastructure Acquisition Corp (AIIA Sponsor)
Notable customers
flyExclusive, Private Aviation Operators
Major milestones
Founded as Jet Token in 2018, Raised over $16M via Reg A+ crowdfunding (2019-2021), Went public via SPAC merger with Oxbridge Acquisition Corp in Aug 2023, Announced pivot to AI Data Centers and sale of aviation fleet to flyExclusive in Feb 2025, Completed Milestone 3 of Canadian hyperscale data center projects (March 2026), AI Infrastructure Acquisition Corp closed $138M IPO (Oct 2025), Reported net income positive for FY 2025 ($4.6M)
Growth metrics
FY 2025 revenue $9.18M (down from $14.02M in FY 2024); Net income $4.6M (vs -$12.7M in 2024); Cash $13.7M as of March 2026; No debt.
Market positioning
AI data center infrastructure developer focused on powered land sites across North America; transitioning from aviation via flyExclusive merger.
Geographic focus
North America (Headquarters in Las Vegas, NV; Data Center projects in Manitoba, Canada; Maritimes, Canada; Moapa, NV)
Patents and IP
Relies on proprietary software, trade secrets, and copyright for its AI platforms; no specific utility patents disclosed in public search results.
About George Murnane
Over 20 years senior executive experience; CEO ImperialJet S.a.l (2013-2019); COO/Acting CFO VistaJet Holdings (2008); CFO Mesa Air Group (2002-2007); COO/CFO North-South Airways; EVP/COO/CFO Intl Airline Support Group; EVP/COO Atlas Air; Managing Partner Barlow Partners. MBA Wharton, BA Economics UPenn.
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Official website: https://www.jet.ai/
