|Description||Big Data Business|
|Seed, 4/12 |
|Series A, 12/12 |
|Partial Close, 5/13 ||$10.1M|
Duetto Research provides hotel executives with cutting-edge solutions to optimize demand, maximize rate, and minimize cost. Powered by leading Silicon Valley technologists and hospitality industry veterans, Duetto is where innovation and insight meet – to help the hotel industry create new standards of efficiency and profitability, and re-think 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 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, which launched publicly in August 2012.
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.