Volantio, a global provider of post-booking revenue and capacity optimization software for airlines, has announced a USD 2.6M funding round led by Ingleside Investors and strategic investors International Airlines Group (IAG), JetBlue Technology Ventures, and Qantas Ventures, the company said.
YanaTM, Volantio´s flagship web-based platform, leverages machine learning algorithms to drive higher unit revenues and improved capacity utilization after customers have booked their flights, while also improving overall customer experience.
Airlines use the technology to proactively identify flexible passengers on high demand flights, make them offers to move to lower demand flights, and automatically rebook them once they accept. Passengers are notified, via mobile, days in advance of departure, minimizing last-minute hassle and providing enough time to change plans accordingly. Offers can include upgrades, travel vouchers, and frequent flier points.
Volantio is a provider of travel technology software focused on revenue and capacity optimization. Based in Atlanta, GA, Volantio partners with major airlines globally such as Qantas, Iberia, Alaska Airlines, Volaris, Jetstar Airways, Emirates, Ethiopian Airlines, Scoot-Tigerair, and others. The company´s YanaTM platform enables airlines to generate incremental revenue and reduce operational costs, while putting greater predictability and control back into the hands of their customers.
Ingleside Investors represent the investment interests of the New York-based Israel family. The firm has a long history of investing across a range of asset classes, with a particular focus on private investments in growing companies.
JetBlue Technology Ventures invests in, incubates and partners with early stage startups at the intersection of technology, travel and hospitality to improve the entire travel experience.
Qantas Ventures was established in January 2017 as the venture capital arm of Qantas Airways Limited (“Qantas”).
IAG is one of the world´s largest airline groups with 547 aircraft flying to 268 destinations and carrying around 105 million passengers each year. It is the third largest group in Europe and the sixth largest in the world, based on revenue.