JetBlue Technology Ventures Announces Latest Investment and Partnership with Global Startup Platform for Travel Technology
January 18 2018 - 11:00AM
Business Wire
New investment in hyper-local weather
forecasting company ClimaCell brings JetBlue Technology Ventures’
Investment Portfolio to fifteen start-ups
JetBlue Technology Ventures named corporate
launch partner for the FTE Start-up Hub, created by Future Travel
Experience, making it easy for corporate innovators and startups in
the air transport and travel sector to connect
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
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.
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JetBlue Technology VenturesJennifer
Rodstromjennifer@jetblueventures.com
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