Hopper (company)

Hopper
Industry Big Data, Travel
Founded 2007
Founder Frédéric Lalonde (CEO), Joost Ouwerkerk (CTO), Sébastien Rainville (Development)
Headquarters Montreal, Canada
Website www.hopper.com

History

Hopper is a mobile application that uses big data to predict and analyze airfare. Hopper provides travelers with the information they need to get the best deals on flights, and notifies them when prices for their flights are at their predicted lowest points. [1]

The company is currently headquartered in Montreal, Canada, and also maintains an office in Cambridge, Massachusetts. [2]

Funding

In 2008, the company secured $2 million in funding. In 2011, a second round of funding secured $8 million from Accomplice and Brightspark Ventures.[3] The next year, Hopper secured $12 million from OMERS Ventures.[4]

Total funding of $104M CAD from BDC Capital IT Venture Fund, OMERS Ventures, Accomplice (formerly Atlas Venture) and Brightspark Ventures. [5]

Hack/reduce

In May 2012, Hopper CEO Frédéric Lalonde and entrepreneur Christopher P. Lynch founded Hack/reduce, a non-profit hacker space designed to attract and foster big-data talent in the Boston area.[6] Hack/reduce, which is located in the same building as Hopper's offices, has partnered with MIT, CSAIL, and Harvard,[7] and has received a grant from Governor Deval Patrick as part of his Massachusetts Big Data Initiative.[8]

References

  1. ↑ "In The News". Hopper. Retrieved 2016-11-23.
  2. ↑ "Hopper's "About" page". Retrieved 29 March 2013.
  3. ↑ "Hopper Raises $8M to Reinvent Travel Search". Yahoo Finance. Retrieved 22 March 2013.
  4. ↑ Ogg, Erica. "Hopper gets another $12M to organize the web’s travel data". GigaOM. Retrieved 22 March 2013.
  5. ↑ ""Hopper Raises $61M Series C Round ‘to Take Over the World’ of Travel"". Bostinno. Retrieved 2017-02-15.
  6. ↑ Latamore, Bert. "Hopper Brings Big-Data-as-a-Service to Online Travel Planning". Services Angle. Retrieved 22 March 2013.
  7. ↑ Rousmaniere, Dana. "Harvard Business Review interview with Lelonde". Retrieved 22 March 2013.
  8. ↑ "Governor Patrick Announces New Initiative To Strengthen Massachusetts’ Position As A World Leader In Big Data". The Official Website of the Governor of Massachusetts. Retrieved 27 March 2013.
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