JetBlue Ventures Seeks to Invest in Travel Tech Startups in Boston

JetBlue, a New England Council member, has announced that its venture capital subsidiary, JetBlue Ventures, is seeking to invest in travel tech startups in Boston. Its goal is to expand its portfolio by finding strategically important startups for JetBlue or its other subsidiaries.

JetBlue Ventures hopes to invest in commercially successful companies that focus on areas such as customer service, hospitality and accommodation, predictive maintenance and operations, and more. JetBlue Ventures already has invested in two Boston-based companies that focus on the travel industry. One of these, ClimaCell, provides minute-by-minute hyperlocal weather forecast technology. Another, Lumo, makes predictive analytics that identify delay patterns across flights.

Raj Singh, the Managing Director of JetBlue Technology Ventures, said, “Because of the complexity of travel, because there are so many variables that you would need to work with, machine learning is a natural fit (for the travel space) . . . Companies out of places like MIT have an advantage. . . to tackle these problems.”

The Council commends JetBlue for investing in Boston-area startups, and for promoting new technologies that expand the horizon of the possible in the travel industry.

Read more from the Boston Business Journal.

Recently from the Blog

Liberty Mutual Gives Boston Homelessness Nonprofit Largest-Ever Grant

10/27/2021 | Read Post

Bank of America Raises Minimum Wage to $21, Plans for $25 by 2025

10/27/2021 | Read Post

In the News

NEC to Honor Historic All-Female Lineup of 2021 New Englanders of the Year

08/2/2021 | Read Press Release

NEC Board Elects Three New Directors

04/27/2021 | Read Press Release