Safran invests in Safety Line, a start-up specialized in big data analysis for air transport
Paris, June 6, 2017.
Safran announced today that it has acquired a stake in the company Safety Line, through its subsidiary Safran Corporate Ventures, devoted to investments in young technology companies.
A leader in data analysis for the aviation market
Safety Line has developed innovative software solutions that enable airlines and airports to meet the major challenges of the air transport sector in the fields of safety, fuel economy and environment. Safety Line was founded in 2010 by Pierre Jouniaux, a former pilot and principal investigator at the French Bureau d'Enquêtes et d'Analyses (BEA, French aviation investigation and analysis agency). The company now employs 18 people and offers a range of innovative solutions, such as OptiClimb (customized fuel optimization before each flight) and Airside Watch (improvement of airport operations using radar data). Thanks to its extensive knowledge of the aviation industry and its expertise in big data processing – notably developed in partnership with INRIA (French National Research Institute for Computing and Applied Mathematics) –, the company now works with nearly 40 airlines and airports in France and abroad.
€3 million raised
Safran Corporate Ventures has contributed to a €3 million fund-raising operation alongside ADP and Bpifrance. These funds will enable Safety Line to accelerate its commercial and international development and to recruit the teams needed to meet the requirements of all the contracts currently being signed. Hélène de Cointet, Co-Head of Safran Corporate Ventures, will join Safety Line's Strategic Committee, established as part of this operation.
"Safety Line has been our partner since 2016 and we have developed a joint offer combining Safran's SFCO2* service and Safety Line's OptiClimb solution," explains François Planaud, Executive Vice President of Safran Aircraft Engines Services and Repairs Division. "This new joint service offer draws on the respective expertise of Safran and Safety Line. It enables airline companies to reduce their fuel consumption and thereby lower their costs, while contributing to the sustainable growth of air traffic and protecting the environment!"
"By acquiring this stake in Safety Line, Safran will be able to extend its collaboration with the company and accelerate the development of innovative data-analysis solutions for our customers." says Eric Dalbiès, Executive Vice President for Strategy and M&A at Safran.
*SFCO2 responds to airline companies' need to reduce their fuel consumption by analyzing maintenance and in-flight operations. The service combines the expertise of Safran Aircraft Engines as a leading engine manufacturer and service provider, and the extensive experience of Safran Electronics & Defense in flight-data analysis. SFCO2 enables airlines to improve the operational efficiency of their fleets.
Safran is an international high-technology group and tier-1 supplier of systems and equipment in the Aerospace and Defense markets. Operating worldwide, Safran has nearly 58,000 employees and generated sales of 15.8 billion euros in 2016. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. Safran undertakes Research & Development programs to meet fast-changing market requirements, with total R&D expenditures of 1.7 billion euros in 2016. Safran is listed on the Euronext Paris stock exchange, and its share is part of the CAC 40 and Euro Stoxx 50 indices.