Israeli AI Pricing, Inventory and Deployment Engine Feature Battery Ventures has announced the completion of a $90 million Series B funding round led by Battery Ventures with participation from all existing investors. The company seeks to bring about a radical change in the travel industry and provide advanced solutions in air ticket prices.
Fetcherr was founded by CEO Roy Cohen, CEO Robby Nissan, AI CEO Dr. Uri Yerushalmi, and CTO Shemi Avizmel.
“Battery has a strong and deep track record of bringing transformational technologies to the aerospace industry, and we look forward to leading Fetcherr into an exciting new chapter together,” said Cohen.
Fetcherr has developed a large market model (LMM) and generative product platform including a generative pricing engine (GPE) and a generative inventory engine (GIE). Fetcherr’s technology understands market dynamics, accurately forecasts demand and market trends, and generates the best market moves based on the expected actions of all market variables. The technology enables high-frequency pricing, inventory management, and live publishing capabilities in a single, complete system that automates the entire process—from pricing to publishing—to optimize operations and streamline workflows by publishing prices directly to the airline’s website in real time and supporting revenue generation.
Fetcherr recently announced partnerships with Viva Aerobus and WestJet, joining existing partners Virgin Atlantic, Royal Air Maroc and Azul Airlines. Following Fetcherr’s success in aviation, the company will expand its LMM, GPE and GIE capabilities to other legacy markets in 2025.
This article was published in Globes, Israel’s business news – en.globes.co.il – on June 27, 2024.
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