Fetcherr, a company that developed the first generative AI pricing engine and demand prediction technology for airlines, announced a Series C funding round at $42 million. Salesforce Ventures led this round, with existing investors including Battery Ventures, Left Lane Capital, and M-Fund also participating.
Fetcherr stands out as the very first AI-native market engine in its field. This sophisticated system is specifically engineered to comprehend the intricate forces at play within various markets. It can accurately predict future demand and, in real-time, generate decisions regarding pricing, inventory management, and resource allocation. All of these decisions are based on anticipating market behavior across a wide range of influencing factors. At the heart of Fetcherr’s unique system is its proprietary Large Market Model, or LMM. This model has already demonstrated considerable positive effects for its airline partners by enabling highly detailed, predictive pricing strategies that can instantly adapt to shifts in market demand.
The newly acquired capital is poised to accelerate Fetcherr’s current growth trajectory significantly. This will allow the company to expand into new international markets and industries, solidifying its position among the next generation of technology leaders who are actively reshaping the fundamental infrastructure of businesses everywhere. Airlines that have already adopted Fetcherr’s technology are now empowered to make automated, data-driven decisions at both micro and macro levels.
Comprehensive multi-dimensional perspectives inform these decisions on the global market and the broader economy. And a rapidly expanding network of partners, which includes prominent names like Delta Air Lines, Virgin Atlantic, WestJet, Viva Aerobus, and Azul, further highlights Fetcherr’s swift ascent and its substantial potential to make an impact across a diverse range of industries.
KEY QUOTES:
“Fetcherr has established itself as an essential revenue driver and a turnkey technology partner for some of the world’s leading airlines. We’re thrilled to welcome Salesforce Ventures as a growth partner. With the support of our investors, we’re set to expand beyond aviation and into other legacy sectors where real-time, data-driven decision-making is long overdue.”
Roy Cohen, Co-Founder and CEO of Fetcherr
“Industries across the board are undergoing seismic shifts with AI – the need for intelligent, automated systems isn’t optional, it’s more critical than ever. Fetcherr’s AI platform is expanding the possibilities of generative AI for enterprises still dependent on outdated logic and forecasting. We look forward to supporting their next chapter of global growth and expansion into new domains.”
Nowi Kallen, Managing Director at Salesforce Ventures
