Event: 2022 Phocuswright Conference
Product: Fetcherr
HQ: Israel
Principal(s): Roy Cohen, CEO; Dr. Uri Yerushalmi, Chief AI; Shimi Avizmil, CTO; Robby Nissan, CSO
Funding: Finished Round A
Product Description: AI-native continuous pricing engine that improves profitability and efficiency by enabling Full network pricing optimization 24/7 based on real-time demand, Auto-pilot pricing support.
User-centric customizable dashboard, Explainable AI (glass box approach), Legacy & LCC/ULCC auto fare publishing to distribution channels
Business Model: $ X Cents per boarded passengers (with minimal agreed fee)
Competitors: Traditional revenue management systems: Pros, Amadeus, Sabre, FLYR labs
Competitive Edge: Implementing cutting-edge Deep Learning technology that is being used in Algo-trading to accurately and granularly predicts demand and enables continuous pricing.
Market Opportunity: Over 1,100 Airlines worldwide, Total Passengers
4.5 billion, Total Operating Revenues from passengers
USD 567 Billion, Estimated Expenses/Investments in IT Systems USD 61 Billion (Per Year & Pre-Covid / Source ICAO - https://www.icao.int/annual-report-2019/Pages/the-world-of-air-transport-in-2019.aspx)
(https://financesonline.com/number-of-flights-worldwide)
Early Customers: Azul Airlines
