Israeli Generative AI Pricing, Inventory and Publishing Engine Recuperator announced the closing of a $90 million Series B funding round led by Battery Ventures with participation from all existing investors. The company seeks to revolutionize the travel industry and introduce cutting-edge solutions in airfare pricing.
Fetcherr was founded by CEO Roy Cohen, CSO Robby Nissan, Chief AI Officer Dr. Uri Yerushalmi, and CTO Shimi Avizmil.
Cohen said: “Battery has a strong track record of bringing transformative technologies to the airline industry and we look forward to propelling Fetcherr into an exciting new chapter together. »
Fetcherr has developed an extended marketplace model (LMM) and generative product platform including the Generative Pricing Engine (GPE) and the Generative Inventory Engine (GIE). Fetcherr’s technology understands market dynamics, accurately forecasts market demand and trends, and generates the best market movements based on the predicted actions of all market variables. The technology enables high-frequency pricing, inventory management and direct publishing capabilities in a comprehensive system that fully automates processes – from pricing to publishing – to optimize operations, streamline workflows by direct publishing fares on the airline’s website in real time and support revenue. generation.
Fetcherr recently announced partnerships with Viva Aerobus and WestJet, joining existing partners including Virgin Atlantic, Royal Air Maroc and Azul Airlines. Building on Fetcherr’s success in the airline sector, the company will expand the scope of its LMM, GPE and GIE capabilities to other traditional markets in 2025.
Published by Globes, Israel Business News – fr.globes.co.il – June 27, 2024.
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