OpenAirlines Raises 1 Million Euros from Alter Equity3P and Bpifrance to Support SkyBreathe® Eco-flying Software

TOULOUSE, France, February 23, 2018 /PRNewswire/ --

OpenAirlines crosses a new stage in its development with a second fundraising of €1 million, signed equally by its historic shareholder, the leading French investment fund committed to Sustainable Development Alter Equity3P, and a €500k loan granted by Bpifrance.

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This investment completes company's first raise of € 1 million made in June 2015 and will accelerate the SkyBreathe development towards a use of the software in the cockpit, in real time, while nowadays the software is only used by pilots before or after their flights.

Allowing airlines to reduce their carbon footprint while reducing their fuel bill, that's the innovative concept behind SkyBreathe®, an eco-flying software launched in 2013 by OpenAirlines. Drawing on 8 years of R&D, sophisticated Big Data algorithms, Artificial Intelligence and Machine Learning, SkyBreathe® assess flights' efficiency performance of airlines. After each flight, the software analyzes the millions of data available in Flight Data Recorders (black boxes) to provide with constructive feedback about the most efficient best practices that reduce fuel burn and CO2 emissions.

The SkyBreathe solution is today installed on more than 26 airlines including Atlas Air, Cebu Pacific, Flydubai, Hop!, Icelandair, Royal Air Maroc, Transavia, Volotea, Wow and recently Malaysia Airlines.

"Thanks to our very early stage digital and Big Data approach, we have become leaders in the field of flight efficiency. Artificial Intelligence and Deep Learning development will offer extraordinary benefits to airlines. Imagine how much we can help them achieve their mission by providing real-time information to pilots! We're very excited to accelerate this new project and to have the full confidence and support of our financial partners." Explains Alexandre Feray, CEO, and founder of OpenAirlines.

Fanny Picard, founder of Alter Equity said, " We are proud to support OpenAirlines, which has developed a software at the forefront of Big Data, Artificial Intelligence, and Deep Learning technologies that contribute to environmental protection."

Already awarded by numerous prizes, OpenAirlines also won runner-up prize of the largest international clean-tech competition, the Cleantech Open, in Los Angeles on January 30, 2018.