|Description||Big Data SaaS Travel Industry|
|Seed, 4/2012 |
|Series A, 12/2012 |
Duetto provides hotel executives with cutting-edge solutions to optimize demand, maximize rates, and minimize costs. Powered by leading Silicon Valley technologists and hospitality industry veterans, Duetto is where innovation and insight meet – to help the hotel industry realize new standards of efficiency and profitability. Rethink how revenue management is done.
Founded by former Salesforce.com CTO Craig Weissman and travel industry experts Marco Benvenuti and Patrick Bosworth, we raised $10.1 million in Series A funding in December 2012 led by Battery Ventures and Altimeter Capital along with Thayer Ventures, Trinity Ventures and Marc Benioff. In April 2012, we raised $2.1 million in Series Seed funding (http://techcrunch.com/2012/04/19/duetto-seed-round/) from a syndicate of top tier investors led by Trinity Ventures, including Battery Ventures, Benchmark Capital, Quest Hospitality Ventures, Marc Benioff along with a number of other notable individual investors. The capital will support product development, marketing and sales of Duetto’s suite of cloud applications designed to put real-time analytics in the hands of key decision makers in the travel industry.
Our first product, Duetto Edge, is a SaaS application that helps hotels forecast demand, set prices and manage distribution. It launched publicly in August 2012.
Our second product, Duetto Insight, was launched in May 2013. Insight utilizes the same advanced algorithms and robust forecasting engine that powers Duetto Edge but is tailored to meet the unique needs of smaller and limited service hotels at an affordable price point.
The travel and hospitality sector makes up almost 10% of global GDP and we are excited to work with some of the most respected companies in each of the major travel verticals, including lodging, air and online travel agencies, to optimize demand and maximize profits.