Farecast offers a unique service by providing its users with intelligent airfare predictions. Founded in 2003, Farecast has since gained very healthy funding from several venture funds totaling $20.6 million. Unlike other travel companies, Farecast predicts when a user should buy a ticket based upon 175 billion points of previous airfare data. Its engine can currently predict whether airfare goes up or down up to a week into the future with a claimed success rate of 70-75%. While Farecast has a lot of competition, they claim it is the only company which can predict future prices.
The site has recently expanded to providing the best deals on hotel room as well. Results from travel search sites like ReserveTravel, Orbitz, and CheapTicket, are shown on a map with prices and other hotel information. Farecase gives deal finders an idea if a specific hotel is overpriced or a good deal by marking overpriced hotels blue and attractively-priced hotels red.
Past Team (10)Update
VP, Engineering / Co - Founder
Nov, 2003 - Apr, 2008
President and CEO
2003 - Jan, 2008
VP of Marketing & Product Development
Director of Engineering Operations
May, 2007 - Apr, 2008
Principal Infrastructure Architect
Nov, 2004 - Apr, 2007
SVP, Commercial Business
Funding Rounds (3) - $20.6MUpdate
Pinnacle Ventures is a private venture capital fund focused on providing debt and equity...
Sutter Hill Ventures has financed technology-based start-ups and assisted entrepreneurs in...
The Seattle-based Washington Research Foundation supports groundbreaking technology in the life...
Seattle-based VC focused on early-stage
Private Investment Company
200 West Thomas Street, Suite 300
Seattle, WA 98119
Airfarewatchdog.com is a discount airfare compiler that uses live agents instead of automated web...
Kayak is a travel metasearch engine that allows users to find and book flights, hotels,...
Hotwire.com is a travel site that offers low rates on airline tickets, hotel rooms, rental cars,...
Mobissimo is a travel search engine that allows users to compare prices of airline tickets, hotel...
Orbitz Worldwide is an online travel company that offers economical airfares, car rentals,...
Expedia.com is an internet-based travel agency booking airline tickets, hotel reservations, car...
TripUp is an interactive travel community enabling members to connect with others, share their...
SideStep is a travel search engine that generates revenue via advertising and referral fees.
- 07/31/12 -techcrunch.com
- 11/23/11 -techcrunch.com
- 06/20/11 -techcrunch.com