Berlin-based startup Tourlane, which operates in the area of travel, raised investment funds for 25 million euros ($26 million).
The mentioned startup’s ownership structure includes an agent-esque platform that lets users plan and budget trips, bringing together flights, accommodations, activities, and tickets.
The investments were received as part of the Series D funding round, which was led by Sequoia Capital. This funding round is intended as a bridge to help the startup reach profitability. The corresponding statement was made by Julian Weselek, Tourlane’s chief executive officer and co-founder, during a conversation with media representatives.
The startup also intends to use the money received to expand its technologies, double down on artificial intelligence, and potentially expand into new markets beyond its current geography of presence that covers Germany and France.
Julian Weselek stated that Tourlane is implementing generative artificial intelligence in the front end of the service to build more intuitive ways to help steer users towards options for what they want.
The startup is also making a significant bet on the back end, where AI will help customers evaluate thousands of flight permutations, accommodations, cars, activities, time of year, and other variables. In this case, the goal is to provide consumers with the opportunity to get what they want. Achieving the corresponding goal with the maximum probability will mean an increase in financial performance for the startup.
As we have reported earlier, AI Startup Writer Raises $200 Million.
