TravelWits

company

About

TravelWits is a travel tech startup that uses AI to find door to door itineraries optimized around business meeting times and locations

  • 1 - 10

Details

Last Funding Type
Seed
Last Funding Money Raised
$635K
Industries
Artificial Intelligence,Business Travel,Leisure,Tourism,Travel
Founded date
Jan 1, 2014
Number Of Employee
1 - 10
Operating Status
Active

TravelWits, LLC is a Pittsburgh-based company whose goal is to help travelers find cheaper and more convenient ways to travel, both for business and leisure. TravelWits uses AI to find door to door itineraries optimized for meeting times and locations while saving companies money with an employee incentives and providing a lightweight way to manage travel policies. Our team consists of 3 co-founders. Maxim Likhachev (Professor at CMU) is a world-leading expert in real-time cost optimization and AI. This expertise is the key to developing the company’s unique technology. Arman Bimatov (BS in CS) and Alla Safonova (PhD in CS from CMU) have 30+ years of experience in web development. We are being advised by a reg. president of one of the largest TMCs on the market (20+ years of exp. in the travel industry).

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$0.98M
TravelWits has raised a total of $0.98M in funding over 2 rounds. Their latest funding was raised on May 1, 2018 from a Convertable Note round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 1, 2018 Convertable Note $350K 1 Coal Hill Ventures Detail
Sep 1, 2016 Seed $635K 1 Coal Hill Ventures Detail

Investors

Number of Lead Investors
Number of Investors
2
1
TravelWits is funded by 1 investors. Coal Hill Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
Coal Hill Ventures Yes Convertable Note