Otto Raises $6M in Seed Funding to Revolutionize Business Travel with Autonomous AI Travel Agent
Otto is at the forefront of transforming the business travel experience by leveraging cutting-edge AI models and methods.
Company Name: Otto
Location: Seattle, WA
Sector: AI, Travel Technology
Funding Details: Raised $6 million in Seed funding led by Madrona Ventures, with participation from Direct Travel and notable angel investors from the business travel industry, including Erik Blachford (former CEO of Expedia, IAC Travel, and Couchsurfing), Barney Harford (former CEO of Orbitz and COO of Uber), and Hugh Crean (CEO of Operix and former CEO of Farecast).
Purpose of Investment: The funds will be used to expand Otto's operations and increase its business reach as it continues to develop its AI-powered travel assistant.
Product and Innovation: Otto is developing an intelligent, autonomous AI travel agent specifically designed for business travelers. The platform aims to plan, book, and provide support during trips, learning user preferences such as favorite airlines, specific flights, preferred hotels, and other travel details. Otto’s AI assistant will also offer on-trip support, managing changes to flights and plans as they happen.
Strategic Integrations: Otto plans to integrate with key service providers across the business travel industry, including Spotnana and Direct Travel, to enhance its offering and streamline the travel experience for business travelers.
About the Company: Otto is at the forefront of transforming the business travel experience by leveraging cutting-edge AI models and methods. By creating an intelligent and autonomous travel assistant, Otto is poised to make business travel more efficient, personalized, and stress-free. The company is backed by industry veterans and strategic investors who bring deep expertise in travel and technology, setting the stage for Otto’s success in the market.