Shorebird Technologies, the makers of the third generation, end-to-end corporate travel management platform Tripeur, has raised $600K in Pre-Series A funding led by Japan-based Incubate Fund and a few angel investors. Angel investors from the company’s Seed round like Rajul Garg also participated in this round.
Tripeur is an end-to-end corporate travel management platform that uses advanced artificial intelligence and machine learning algorithms to drive efficiency, ease of use and customisation for business travel by employees and executives alike.
Commenting on the fundraise, Thiagarajan Rajagopalan, Founder and CEO of Shorebird Technologies told Inc42, “We are excited to lead the corporate travel space into the Third Generation by deploying latest innovations in artificial intelligence, machine learning and personalisation in various aspects of corporate travel space – be it for the traveller experience or travel desk automation or post-travel reconciliation.”
“This round of funding will help our company to further our technology lead and grow our business manifold. Our objective is to scale our top-line and achieve a 10x growth in transactions by the end of 2018. Additionally, we are focussed on AI and ML, for which we have hired a number of experts and development in this area is already underway,” he added.
Elaborating further, Thiagarajan stated that the newly-secured capital will also be used for product development and for building the sales and marketing teams, with the aim of scaling Tripeur significantly in the coming months.
To that end, Shorebird has already brought on board Manish Raj, former Vice President and Business Head of Corporate Travel Services at Via.com. In his new role as the co-founder and Chief Business Officer at Tripeur, Raj will be spearheading the company’s sales and marketing efforts.