Report: Farecast Sold for $75 Million

Farecast Inc., a Seattle-based developer of data mining techniques to predict prices in the travel industry, has been sold for $75 million, according to The Seattle PI. No buyer was named. Farecast has raised just over $20 million in VC funding, from firms like Madrona Venture Group, Greylock Partners, Pinnacle Ventures, Sutter Hill Ventures and WRF Group.