[January 18, 2018] |
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JetBlue Technology Ventures Announces Latest Investment and Partnership with Global Startup Platform for Travel Technology
JetBlue
Technology Ventures® (JTV), the venture capital subsidiary of
JetBlue Airways (NASDAQ:JBLU), today announced its latest efforts to
help fuel travel industry innovation in 2018. The Silicon-Valley-based
company, which incubates, invests in, and partners with early-stage
start-ups at the intersection of technology and travel begins its third
year by announcing its latest investment and a launch partnership with a
global travel technology startup program.
JTV's Latest Investment Provides Weather
Sensitive Industries with Forecast Precision
JetBlue Technology Ventures has invested in the Series A funding of ClimaCell,
a software-based hyper-local weather forecasting company. ClimaCell
creates proprietary weather observation data from wireless networks that
then feed into its models. The results pinpoint weather prediction down
to city-block-level granularity in real-time and at one minute intervals
0-6 hours in the future for businesses and government agencies. "Both
JTV and ClimaCell are innovators in the aviation and mobility space.
We're thrilled to be working together to provide next-generation
operations tools and weather technology for safer and more efficient
skies," said Shimon Elkabetz, CEO and Co-Founder, ClimaCell.
New Partnership Helps JTV Engage with
Start-ups Worldwide/i>
JetBlue Technology Ventures is the Corporate Launch Partner for the FTE
Startup Hub, created by Future Travel Experience, an
independent online media, events and industry change leader dedicated to
enhancing the end-to-end passenger experience and business performance.
The FTE Startup Hub will offer a comprehensive global online repository
of the most relevant startups alongside a platform to facilitate
face-to-face engagement, making it easy for corporate innovators and
startups in the air transport and travel sector to connect both
digitally and in-person. "Today marks an important new chapter in the
FTE story with the launch of the FTE Startup Hub - a landmark new
initiative to connect the best air transport and travel startups with
corporate innovators, both digitally and in person. I'd like to thank
JetBlue Technology Ventures for their commitment as we develop this
unique new proposition," said Daniel Coleman, Director and Founder of
Future Travel Experience.
"We established JetBlue Technology Ventures to expand upon JetBlue's
innovative travel brand," said Bonny Simi, President of JetBlue
Technology Ventures. "As we enter our third year, we are expanding our
global reach and impact by building relationships with a range of
startups across the travel and hospitality spectrum worldwide. ClimaCell
will have a broad impact across many industries across the globe. The
FTE Startup Hub will be an excellent platform for us to continue
building out our global presence."
For more information, visit www.JetBlueVentures.com.
To learn more about our investment in Climacell, read our latest blog
post on Medium: http://bit.ly/2mRb9Fy.
About JetBlue Technology Ventures
JetBlue Technology Ventures invests in, incubates and partners with
early stage startups at the intersection of technology and travel to
improve the entire travel experience. The company prioritizes
investments that advance the customer-centric journey; technology
empowered customer service; the future of operations and maintenance;
revenue management, sales & distribution; and new regional transport
ecosystems. Founded in 2016, JetBlue Technology Ventures is a
wholly-owned subsidiary of JetBlue (NASDAQ:JBLU) and is located in
Silicon Valley, Calif. For more information, visit www.JetBlueVentures.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180118005348/en/
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