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SilverRail raises $40m in funding to advance global rail ticketing

We're extremely excited to announce a new round of additional funding for SilverRail - a $40m Series C investment, led by Mithril Capital, a growth equity investment firm, founded by Peter Thiel and Ajay Royan.  We're looking forward to the coming years while we continue to prove out the thesis that the rail market can be significantly improved through consolidating the technology into a single platform for the distribution of tickets worldwide.

 

Full press release is below.

 

SilverRail & Travelsavers team up to offer customers more choice through global rail ticketing

Travelsavers, an international network of over 3,000 independently owned full service travel agencies in 30 countries, will roll out SilverAgent Pro to its team of agents in Ireland and the UK. SilverAgent Pro, SilverRail’s web based booking application, allows Travelsavers’ agents to search, book and pay for domestic and international rail travel for their customers easily and consistently, providing a viable, greener alternative to air travel on many short haul routes.

Corporate Travel Manager Interview: Sabre

Michal Stewart, a highly experienced and well respected corporate travel manger talks with SilverRail about the benefits of fully integrated rail in a corporate travel program.  Through SilverRail's partnership with GetThere, Sabre's travellers are able to book rail travel online just as easy as they do air, from anywhere they have internet access.  If you're attending GetThere's Global Summit next week, be sure to stop by the booth and see RailConnect in action!

Advance purchase - how much could you save?

We took a closer look at the fares travellers paid in the UK & USA when booking in advance.  We compared the top 5 most frequently booked routes in both countries and looked at the average prices travellers paid when booking within a week of departure versus those who booked more than 7 days in advance.  In the maps below you can see the percentage saved by those booking early. 

Electronic tickets now available on Amtrak

We are delighted to confirm that over the last few months, companies powering their Amtrak connection through SilverRail have been enabling the ability for customers to choose electronic tickets for their rail journeys in the USA. "Over recent months, Amtrak customers have realised the flexibility and efficiency of eTickets. This has revolutionised the ticketing model and reset expectations of train travellers.

Train vs Plane Cartoon

Regular readers of our blog will have seen our very own Aaron Gowell's journey to and from Paris, putting train and air travel to the test.  That was the inspiration for our latest cartoon highlighting some of the many benefits of rail travel - click below to meet Joe & Jack.

 

Mobile usage is driving change in the travel industry

Some say, if you want to know what’s ahead, simply look to the younger generation. With the majority of the world’s population under the age of 30, and possessing a digital shadow, it’s not difficult to do so.  Since 2011 more smartphones have been sold worldwide than desktop computers thereby making conversing with digital ‘natives’ through mobile apps and social media even easier.

SilverRail wins GBTA Spotlight on Transformation

Last month at the GBTA conference in San Diego, SilverRail were honoured to win the Spotlight on Transformation which "focuses on the future thought leaders of business travel management and highlights successful innovators that allow the travel manager and the corporate traveler to elevate the business of travel".  That sounds like us!!

Please watch the video below to see the awards ceremony.


SilverRail Acquires IPTIS, Creating the First Global Rail Search and Transaction Platform

We are extremely excited to announce that we have acquiried the Journey Planning business from Jeppesen, a division of Boeing, to help further our strategy to provide consumers a single source to plan and book rail journeys, anywhere in the world.  As part of the acquisition, the team is expanding considerably, and we are thrilled to have them as part of our team moving forward.


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