SilverRail Technologies said it raised $15 million in new funding - Business Travel News

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March 21, 2012 - 11:45 AM ET

SilverRail Technologies said it raised $15 million in new funding "to accelerate the addition of rail carriers and the development of cross-border and inter-carrier journey planning." The rail ticketing platform developer intends to integrate within two years "all of Europe's major rail carriers." According to SilverRail co-founder and CEO Aaron Gowell, "The $300 billion rail market is the single fastest-growing sector of travel today." Currently operating in eight European countries, the company's platform serves such travel intermediaries as Egencia, eGlobalfares, GetThere, KDS, Orbitz for Business and Rearden Commerce. New funding was led by Canaan Partners.

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