Fineway is a travel planning company that utilizes artificial intelligence to assist clients in selecting the best possible travel location. The company was founded by Markus Feigelbinder and Markus Bohl in 2015, in Munich, Germany.
Fineway's goal is to provide personalized travel plans quickly and at zero cost. Their machine learning platform utilizes over 250 data points such as budget, personal preferences, dislikes, room styles, travel goals, and much more.The artificial intelligence they implement allows the company to provide quick, well-suited travel suggestions to travelers.
At Fineway, the belief is that the future of travel will move from the method of searching and comparing and will switch to a conversation between travelers and AI. The interface-agnostic conversation engine that the company employs is backed by advanced statistics and deep learning methods which help it to decode travel desires nearly instantly, and at zero cost to the user.
Over the course of the company's startup life, Fineway has raised over $17 million, and has employed over 100 people.
Fineway raised over $6 million from Axel Springer and 2 other investors
Fineway raised over $7 million from Axel Springer Digital Ventures and 5 other investors
Fineway raised $2.5 million from Bayern Kapital GmbH and 4 other investors