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Colorado-based Boom Technology has raised $33 million in a Series A round to build and fly its first supersonic jet, a one-third-scale prototype known as the XB-1 or “Baby Boom.” Testing the XB-1 would blaze the trail for a full-scale jet capable of taking 40 passengers from New York to London in less than three and a half hours for a $2,500 one-way ticket. The round’s investors include 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures and Y Combinator Continuity Fund, according to TechCrunch and The Denver Post. The Boom team includes veterans from Amazon, Boeing, Lockheed Martin and Pratt & Whitney. Virgin Galactic and The SpaceShip Company are partnering with Boom and have dibs on the first 10 airframes.

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