Tag

Travelperk

All articles tagged with #travelperk

"SoftBank's $104 Million Investment in TravelPerk Signals AI's Impact on Corporate Travel"

Originally Published 1 year ago — by CNBC

Barcelona-based startup TravelPerk raises $104 million in funding led by SoftBank Vision Fund 2 to invest in AI development and new products, aiming to automate corporate travel and expenses using technologies like machine learning and neural networks. The fundraising round lifts TravelPerk's valuation to $1.4 billion, with plans to reach profitability by the end of 2024 and potential IPO readiness in the future. CEO Avi Meir emphasizes the practical adoption of AI for improving cumbersome problems in the travel business, highlighting the company's 60% profit margin and plans for continued hyper growth.

business businesstech ai businesstech corporate-travel fundraising softbank travelperk

"TravelPerk Raises $104M to Accelerate Corporate Travel Innovation"

Originally Published 2 years ago — by TechCrunch

TravelPerk, a business travel management platform, has raised $104 million in a financing round led by SoftBank’s Vision Fund 2, giving the company a valuation of $1.4 billion. The funding, part of a Series D round, reflects a flat post-money valuation compared to two years ago. Despite the pandemic's impact on travel, TravelPerk has seen growth and plans to invest in its core product. SoftBank's investment signals potential ramp-up in funding activities, and TravelPerk's CEO emphasizes a long-term company vision over immediate IPO plans.

business business-finance business-finance business-travel funding smes softbank travelperk