A travel business that deploys AI software to help people book package vacations is announcing the close of an oversubscribed £5.04 million (roughly $6.45M) Series A round.
Heartcore Capital has led the funding with participation from Eka Ventures and re-investing angels. The money raised by Byway will be used to expand into new regions, with the company saying they plan to add more hires too.
This will include engineers as they aim to dial up the proprietary AI-based software that acts as a travel planner.
At the moment, 60% of Byway’s company is based on AI as customers book trips online through the trip-designing software called JourneyAI. The remainder, at 40%, is a human-based concierge service where staff can talk to…
