Silver Rail raises $ 15 million that are driving the global rail ticketing
Boston, MA (PRWEB) 21 March 2012
Silver Rail Technologies, the company behind the global platform Silverlight Core train ticket is $ 15 million in Series B financing increased investment accelerates the Silver Rails vision of passenger rail travel easier to book flight tickets. This new after a very successful year in the Silver Rail on a number of new rail carrier of its platform, including Renfe in Spain and VIA Rail Canada. Silver Rail has also worked with tour operators worldwide Booking GetThere, Egencia, KDS and some other countries to multi-rail platforms in their automated reservation based on offer.
Canaan Partners led the Series B round of financing the initial investment in their new $ 600 million Fund IX. Silver Rails existing investors Sutter Hill, Accel Partners, Grand Banks Capital Ventures and Brook has also strongly supported the round. The Silver Rail funding accelerates the addition of rail carriers and the development of planning a trip cross-border and inter-operator. Silver Rails goal is to have integrated all major airlines run in Europe in the Silver Core platform in the next two years.
Aaron Gowell and Will Phillipson Silver Rail founded in 2009 in order to disrupt the multi-billion-dollar car. By consolidating the contents of multiple systems of the Silver Rail freight railroad to join a market for vendors and suppliers, where, historically, it was almost impossible to create. Saw with his extensive experience as a pioneer in online travel technology, Aaron and Will, the complexity and fragmentation of the global car market and recognized the opportunity to research, purchasing, accounting and support rail tickets as easy as airline tickets . Silver Rail is now to consolidate the railway ticketing systems worlds, seamlessly connecting suppliers, dealers and research.
$ 300 billion market is the only track of the most dynamic sector of the trip today, said Aaron Gowell, CEO and co-founder of Silver Rail Technologies. Rail passenger traffic grew increasingly dominated by regional transport, driven by the perfect storm of four factors: the replacement trains of 200 mph regional airline markets and the creation of rail deregulation on competition, a footprint 90% cleaner the environment than air travel and 200 billion $ ten-year investment in infrastructure – 2x the investment in commercial air traffic.
We invested in
Silver Rail because of the world-class company and the team innovative technology platform is the completely disrupt the industry billions of dollars to take the train, “said John Balen, General Partner at Canaan Partners.” About 60% of train tickets always be sold online at the station just before departure, but consumers and businesses to find a more streamlined travel booking process. Silver Rail created the first technology platform that allows the purchase of rail tickets as easy as international air traffic, and we are excited about the growth prospects of this vast enterprise. “
Silver Rails platform offers currently in the country and multi-country ticket in eight countries, including Britain, Belgium, Netherlands, Luxembourg, Spain, Germany, Canada and the United States. Train in these countries are provided by partners Silver Rails agent commodity, Atriis Technologies, Dolphin Dynamics, ebookers, Egencia, eGlobalfares, GetThere, KDS, Orbitz for Business and Rearden Commerce.
About Silver Rail Technologies, Inc.
Silver Rail, with headquarters in London and Boston travel technology company, has built the first global platform distributor, specializing in passenger transport by rail, then connect that rail operators and travel agents with one another easily. The platform aggregates global rail Silver Core in a unified system through direct connections providers include the standardization of research, booking and execution process. By removing the complexity of the sale rail, independent search allows Silver global rail train operators, regions and currencies.
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