The travel industry is sitting on a huge mound of data and factors such as supply, demand, events, all the way down to the weather has a large impact on the industry and ultimately revenue for companies in the industry. LodgIQ has built a machine-learning platform that makes sense of all this data and allows the hospitality to keep things running smooth.
LodgIQ, launched less than 2 months ago, received their first round of funding and spoke with AlleyWatch about the funding and plans for expansion.
Who were your investors and how much did you raise?
We received Seed capital of $5M from Highgate Ventures and Trilantic Capital Partners.
Tell us about your product or service.
LodgIQ is a revenue optimization platform for the travel industry, with a particular focus on hotels, resorts and other lodging categories. We apply machine learning techniques across very large data sources, such as airline capacity, events, weather and city-wide hotel demand in order to ensure our clients maximize the true demand, and revenue potential for their hotel business.Read Complete Article