Otto, Led by Michael Gulmann, Raises $6 Million Backed by Madrona Ventures

Aug 22, 2024, 04:03 PM

Otto, an AI-powered travel agent, has been launched to transform the business travel sector. Led by Michael Gulmann, the company has successfully raised a $6 million seed round. The funding was spearheaded by Madrona, with participation from industry leaders and founders from Expedia, Egencia, Concur, and Orbitz. Otto aims to provide advanced automation and personalization in travel management, targeting the unmanaged travel market. The company was incubated in collaboration with Madrona Ventures, with additional support from Direct Travel and Executive Chairman Steve Singh.