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Corporation
INTERNET | eCommerce / Travel (internet)
silverrailtech.com

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Founded Year

2009

Stage

Corporate Majority | Acquired

Total Raised

$72.5M

About SilverRail Technologies

SilverRail Technologies specializes in building technical solutions that help Railways and Travel Distributors to easily connect with each other. The company consolidates passenger rail content into a single integrated technology platform that removes the complexity of selling rail, expanding global distribution at less cost. For Railways, SilverRail works with Railways as a technology partner and provides access to any Travel Seller through a single connection. Harnessing the SilverRail Integrated Technology Platform, Railways do not have to invest time and money to implement, manage or support multiple customer connections. For Travel Sellers, SilverRail aggregates rail suppliers into a single, flexible platform to provide a rail solution that fits business needs. The complexity and intricacies of each carrier system, different APIs, different business rules, and different business models, are abstracted and normalized into a single common interface, offering complete product access in a familiar, similar to air ticketing, business process.

SilverRail Technologies Headquarter Location

The Heal's Building 22 Torrington Place

London, England, WC1E 7HJ,

United Kingdom

+44 (0) 845 834 1069

Latest SilverRail Technologies News

SilverRail Technologies in management buyout from Expedia Group

Oct 19, 2020

Expedia Group no longer has a rail technology platform in its portfolio following a management buyout of the SilverRail Technologies business. Terms of the MBO have not been disclosed in the deal announced today. The business is now wholly owned once again by the management team, and Expedia Group's strategic interest in rail is over. CEO Aaron Gowell says: "We have also grown into a business largely focused on our rail carrier partners, building products for their direct retail needs as well as third-party distribution. "We are excited about the growth of rail as a sustainable travel choice and looking forward to building on our success in this sector." The company claims to be handling more than one billion online rail searches each year and distributes tickets for more than 35 providers and carriers. Gowell and Will Phillipson created SilverRail, which was initially billed as a GDS for trains, in 2009. In addition to the U.K., it has offices in Sweden, Australia and the United States. Like many other travel startups, SilverRail had a  consumer-facing play in the shape of Quno , which was discontinued after a few years. The company raised a modest $69 million over the course of four rounds, in a bid to push its rail ticketing and train operator distribution platform. It later went on to secure a number of deals with online travel agencies to power their rail booking platforms - one being Expedia, which, in 2017, took the company under its wing. Phillipson left in June 2019. * Check this interview with Gowell for the How I Got Here podcast, recorded in August 2019.

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Research containing SilverRail Technologies

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CB Insights Intelligence Analysts have mentioned SilverRail Technologies in 1 CB Insights research brief, most recently on Aug 10, 2021.

Expert Collections containing SilverRail Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SilverRail Technologies is included in 2 Expert Collections, including Smart Money VCs (2017-2019).

S

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6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

T

Travel Technology (Travel Tech)

2,080 items

The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.

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