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 firstname.lastname@example.org. 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 Nasdaq OMX
Følg pressemeddelelser fra Nasdaq OMX
Skrive dig op her og du vil løbende modtage pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Nasdaq OMX
Ascom Holding AG16.1.2018 17:32 | pressemeddelelse
Ascom wins agreement with IDN Munson Healthcare in the USA
Enter16.1.2018 16:42 | pressemeddelelse
Enter Introduces SD-WAN Service on Its National and International Ethernet Infrastructure
Nasdaq16.1.2018 15:03 | pressemeddelelse
Nasdaq Launches passiveIQ(TM) for Investor Relations Professionals
VITEC16.1.2018 15:02 | pressemeddelelse
Canadian Defence Department to Equip its Armored Vehicles With VITEC MGW Diamond TOUGH Encoders
Nasdaq16.1.2018 15:02 | pressemeddelelse
Nasdaq to Deliver Market Technology to Bolsa de Valores de Panamá
TradeStation Group, Inc.16.1.2018 14:02 | pressemeddelelse
TradeStation International Ltd and Interactive Brokers UK Ltd Plan to Offer Global Trading Account
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum