AeroSat gets $14M for Internet on the plane
Ever since the advent of the cellphone, along with ubiquitous public WiFi and mobile email, airplanes have served as the last place busy execs can relax, switch off and drop out of communication. AeroSat would like to change that.
AeroSat is an Amherst, NH company that makes plane-mounted antennae that can deliver Internet and cell access to passengers. The antennae can communicate with ground-based stations, or with others mounted on (relatively) nearby aircraft.
The firm says it… Continue Reading
Microsoft buys travel site Farecast for $115M
Microsoft has acquired travel website Farecast for a rumored $115 million. The Seattle startup’s technology will likely be incorporated into the software giant’s site MSN Travel — even before the deal, Farecast had already partnered with MSN.
Farecast’s technology made it a pretty tempting target for acquisition. As we noted a year ago, the Seattle startup owns its niche of predicting airfares. At the time, we also said that some of the big tech players wanted… Continue Reading
Farecast, the airfare prediction site, raises $12.1M more
Farecast.com, the young Seattle start-up that now owns the niche of predicting airfares, and which continues to roll out new features (like letting you guarantee low fares), has raised $12.1 million more.
The round was led by Sutter Hill Ventures, and includes PAR Capital Management, Pinnacle Ventures, and Farecast board member and former Expedia CEO, Erik Blachford. Existing investors, Greylock Partners, Madrona Venture Group, and WRF Capital also participated — it has raised a total of… Continue Reading