April 16, 2014

Mass. company raises $40M for rail ticket project

WOBURN, Mass. — SilverRail Technologies Inc. has raised $40 million to expand its technology, enabling travelers to book train tickets the same way for every rail line, reported The Boston Globe.

The company’s software integrates all of the world’s rail lines into a single source and includes both search and transaction technologies and initially targeted travel agencies. SilverRail is not yet being used for consumer rail booking in the U.S. but company officials say they are aiming to power popular online travel sites such as Kayak.com for all train travel. For the full story, click here.

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