Home > > Israeli air ticket optimization co Whizar raises $2.7m

Israeli air ticket optimization co Whizar raises $2.7m

01/03/2020| 12:38:58 PM| 中文

Whizar estimates that US travel agencies alone could save $11 billion annually by optimizing the purchase of tickets.

Israeli air ticket optimization startup Whizar has raised $2.7 million in a financing round led by Anna Partners, which specializes in travel tech investments. Talma Travel and Tours, controlled by Erez Shmul, the first investor in Whizar, increased its holdings in the current round.

Balaish, CTO Armon Avrahamy, and CPO Tor Leelo, three veterans of IDF intelligence Unit 8200 with backgrounds in higher education and technology, founded Whizar. After being demobilized, they worked in various startups that achieved exits. Most of Whizar's employees are also Unit 8200 veterans, most of the R&D and data science personnel.

"Our solution, which combines artificial intelligence, machine learning, and big data, is the optimal solution to this complex mathematical problem. The algorithms developed by the company lower the ticket prices substantially," says Whizar CEO Amir Balaish. His company has just finished raising $2.7 million.

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TAGS: Whizar | financing | price prediction
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