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: ~$50M+. Latest round: Post-IPO. 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
- ~$50M+
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), Alberta / StratGrid Project Wheatland (~200 MW; 1GW+ expansion), 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
Hyperscalers and AI/GPU cloud operators seeking powered, entitled shovel-ready data center land and early-stage campus capacity across North America.
Industries served
Artificial Intelligence Infrastructure, Data Centers, GPU Cloud Services
Technology advantage
Asset-light powered-land model via Convergence Compute JV (Consensus Core) plus ~26% StratGrid stake; four active projects spanning 1+ GW across Manitoba, Alberta, Maritimes, and Moapa NV. Manitoba faces provincial political opposition (June 2026) while company still advances the site.
How they differentiate
Pure-play focus on earliest, capital-efficient phase of AI data center development—securing powered/entitled land—via Convergence Compute JV and StratGrid stake rather than owning/operating finished campuses; aviation business fully exited July 2026.
Main competitors
CoreWeave, Applied Digital, Digital Realty / Equinix (powered-land / DC REITs)
Key partnerships
Consensus Core Technologies (Convergence Compute LLC JV), flyExclusive (aviation SpinCo merger closed July 13, 2026), StratGrid Inc. (~26% equity via SG Canada InvestCo, July 2026), AI Infrastructure Acquisition Corp (AIIA Sponsor)
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 / net income ~$4.6M; H1 2026 revenue $7.0M (incl. $3.5M aircraft sale) with net loss ~$5.0M; Cash $10.6M at June 30, 2026 (~$5.3M transferred to SpinCo at July 13 close); ~$27.7M gross ATM equity raised in H1 2026; going-concern disclosure in Q2 10-Q.
Market positioning
Pure-play AI data center infrastructure developer focused on powered land sites across North America (>1 GW pipeline); aviation exit via flyExclusive completed July 2026; pursuing non-binding $300M RTO with planned data-center spin-off (DCTR).
Geographic focus
North America (HQ Las Vegas, NV; projects in Manitoba, Alberta/Wheatland, Canadian Maritimes, and 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/