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Fetcherr, an AI-powered tech startup, has secured $90 million in a Series B funding round led by Battery Ventures. The company aims to revolutionize airline pricing by implementing dynamic pricing models that use AI to forecast demand and adjust fares in real-time. This approach allows airlines to maximize revenue and stay competitive. The total funding for Fetcherr now stands at $114.5 million. The initiative, reported by Kyle Wiggers of TechCrunch, has sparked controversy due to its potential impact on travelers, as prices could fluctuate based on factors such as timing and weather conditions.
A tech startup is trying to use AI to introduce more surge pricing into the airline industry. Fetcherr uses AI to calculate "dynamic prices" or tailor prices to customers and change them quickly based on timing, weather conditions, and more. https://t.co/2hUnrUJbQR
Today, we’re thrilled to announce our partnership with Fetcherr, as we lead their $90 million Series B funding round! 🚀Fetcherr’s AI-powered platform is revolutionizing airline pricing by automating fares in real-time allowing airlines to maximize revenue and stay competitive.… https://t.co/ZAS3HRCQjy
Fetcherr, which wants to let airlines provide dynamic pricing by using AI to forecast demand, raised a $90M Series B, bringing its total funding to $114.5M (@kyle_l_wiggers / TechCrunch) https://t.co/0Bmiz0U3Fq 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/GNzQftuWXo
