Otto, a startup developing an intelligent agent for business travelers has raised $6 million in a seed round.
The investment in the Seattle-based company was led by Madrona Ventures, with travel management company Direct Travel and angel investors including Erik Blachford, a former CEO of Expedia, Barney Harford, former CEO of Orbitz and Hugh Crean, former CEO of Farecast, also participating. Concur founder and Madrona managing director Steve Singh acquired Direct Travel in April.
Using artificial intelligence, Otto wants to create a travel assistant to plan, book and support business travelers during a trip. The technology will learn a traveler’s preferences from airline to hotel and other travel…
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