Otto, a Seattle, WA-based startup building an intelligent and autonomous AI travel agent for business travelers, raised $6M in Seed funding.
The round was led by Madrona Ventures, with participation from Direct Travel and angel investors from across the business travel industry, including Erik Blachford, former CEO of Expedia, IAC Travel and Couchsurfing; Barney Harford, former CEO of Orbitz and COO of Uber; and Hugh Crean, CEO of Operix and former CEO of Farecast (acquired by Microsoft).
The company intends to use the funds to expand operations and its business reach.
Otto aims to create a travel assistant that plans, books and supports users during their trip. The intelligent agent uses the latest in AI models and methods, learns from a business traveler their likes and preferences, from their favorite airline, specific flights, and preferred hotels to other travel details. It will also provide on-trip support as flights and plans change while in transit.
Otto will integrate with key service providers across the business travel industry, including Spotnana and Direct Travel.
FinSMEs
23/08/2024