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Market
Which market will Otto reach first by December 31, 2024?
2
Otto•Michael Gulmann•Madrona•Expedia•Egencia•Concur•Orbitz•Madrona Ventures•Direct Travel•Steve Singh
Resolution / Starting Odds
North America • 25%
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Public announcements from Otto, industry reports
Story
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.
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