AI travel technology BizTrip.AI has raised $1.5 million in its latest portion of its pre-seed funding round, bringing its total funding to $2.5 million, the company announced.
The tranche, the third for BizTrip.AI, includes the recently announced minority stake taken by Sabre Corp., which is also providing technology infrastructure for BizTrip.AI. Boutique venture capital firm RRE Ventures led the tranche, along with participants BAG Collective, BAG Ventures, Correlation Ventures and AI Fund, which led the previous tranche and currently is BizTrip.AI's biggest investor.
Ten individual investors also participated in the tranche, including Cain Travel CEO Michael Cain—an early adopter of the technology—as well as travel tech veteran Mike Daly and former Yapta chief product officer Valerie Layman. Yapta co-founder Tom Romary is BizTrip.AI's CEO and one of its co-founders.
The company said the new capital will help it accelerate product development, hire engineering talent and support customer growth. BizTrip.AI is currently in pilot mode and plans a wider release in the second quarter of this year.