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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 (GPU Cloud Services)","CharterGPT (AI-powered private jet booking app)","Reroute AI (Empty leg optimization software)","DynoFlight (Carbon emission tracking and offsetting API)","FlightClub API"]

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","Private Aviation","Enterprise Software","Sustainability & Carbon Markets"]

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.

Official website: