Zytlyn Raises $2.5 Million for Data-Based Prediction: Travel Startup Funding This Week

>>Nium, a startup backed by Visa, expanded its business-to-business travel payment technology by announcing its intent to acquire Ixaris, a virtual card platform, in the third quarter. Backers included Plug & Play Ventures, Century Oak, Geneva Foundation for Technological Innovation (FONGIT FIF), strategic angels such as Elyes Mrad (managing director, Certares), Julia Sattel (formerly of Amadeus), Niels Gron (founder of AquaFold), plus support from the Swiss ICT Investor Club (SICTIC). The Geneva-based startup helps airlines, travel agencies, airports, and hotels analyze and make predictions related to demand patterns, pricing, revenue, and sales. The startup uses artificial intelligence and machine learning models to generate real-time, actionable predictive insights for analysts, managers, and executives about consumer, competitor, and market behavior, said Goudarzi. >>European Sleeper, a new Dutch railway company dedicated to night trains, raised about $610,000 (€500,000) in seed capital in a crowdfunding campaign with 350 investors.