Travel technology company DerbySoft has acquired Arise, an artificial intelligence-powered platform helping travel advisors improve communications with suppliers and reconcile hotel commissions, as exclusively shared with PhocusWire.
Arise, a PhocusWire Hot 25 Startup for 2019, launched in 2017 as a blockchain-based solution for hotel distribution and reservations. The company pivoted in 2023, despite some implementations, because of the challenges related to wider adoption of blockchain technology.
“We shifted focus to AI-driven solutions that the industry could immediately adopt. Leveraging our deep understanding of hotel-distributor workflows, Arise identified key areas where AI could streamline…
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