LodgIQ Unveils Its Next-Generation Revenue Optimization Platform for Travel; Secures $5 Million in Seed Funding Led by Highgate Ventures
NEW YORK, 2016-02-16 13:00 CET (GLOBE NEWSWIRE) --
LodgIQ™, which is firmly committed to bringing the discipline of revenue optimization into the 21stcentury, today announced the official launch of the company and its platform. LodgIQ RM™ is a next-generation revenue optimization platform for the hospitality industry developed by seasoned travel executives and Silicon Valley technologists. The NYC startup has secured $5 million in seed funding led by Highgate Ventures, a venture capital platform focused on early stage technology investments in the hospitality industry, and Trilantic Capital Partners, a global private equity firm. LodgIQ™ has already made a significant investment in advanced machine learning platforms and data science.
Built around a multi-source big data eco-system, LodgIQ RM™ combines sophisticated machine learning with an intuitive and powerful user interface to deliver advanced recommendations and actionable analytics. The platform is designed to think, learn and morph with each user’s unique clickstream enabling the user to make optimal revenue decisions.
“The revenue optimization user community in travel has become increasingly sophisticated over the past decade, and yet we have not seen the non-linear advances in technology that other industries have experienced,” said Ravneet Bhandari, CEO of LodgIQ™. Bhandari, who brings over 20 years of domain expertise in leadership and advisory roles with top industry flags including Hyatt, Caesars Entertainment and Starwood Capital commented further: “Big data isn’t a buzzword – it’s a given. LodgIQ RM™ makes it instantly actionable through cognitive machine learning in an easy, intelligent and highly effective platform.”
The company has already secured itslaunch customer and will deploy its new platform at five prominent New York City hotel properties in February 2016.
“We remain very bullish on disruptive travel technology plays and believe that LodgIQ has the potential to quickly dominate the revenue optimization landscape,” added Vann Avedisian, Principal at Highgate Ventures. “The technology and design are unlike anything in the market.”
LodgIQ™ will allow limited access starting today. The platform will be available atITB Berlinon March 9-13, 2016. To arrange a private demonstration, submit a request email@example.com. For more information visitwww.LodgIQ.com
Media contact: North 6th Agency (for LodgIQ)
NYC-Based Startup Launches Industry-First Predictive Analytics and True Machine Learning Platform
Information om Globenewswire
Følg pressemeddelelser fra Globenewswire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Globenewswire
David Crosby18.7.2018 18:06 | pressemeddelelse
David Crosby Announces Intent to License His Name to the Cannabis Industry
Seaborn Networks18.7.2018 17:02 | pressemeddelelse
Telecom Argentina's landing station and backhaul are selected for ARBR submarine cable system between Argentina & Brazil
Mitratech18.7.2018 15:04 | pressemeddelelse
Salim Ismail Announced as Keynote Speaker at Mitratech's Interact 2018 Conference
Taconic Biosciences18.7.2018 14:03 | pressemeddelelse
Taconic Biosciences and Cyagen Biosciences Announce Strategic Partnership
SEMAFO Inc.18.7.2018 13:02 | pressemeddelelse
SEMAFO Provides Notice of Second Quarter 2018 Results Release and Conference Call
GridGain Systems18.7.2018 09:03 | pressemeddelelse
GridGain® Continues In-Memory Computing Industry Leadership in 2018
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum