Innovative travel startup, Layla, acquired AI-powered itinerary creator, Roam Around, making travel planning even more of a breeze.
Backed by first minute capital, M13, the co-founders of Booking.com and Skyscanner, and even celebrity entrepreneur Paris Hilton, Layla launched in November 2023. Since then, Layla has made waves in the travel and tourism industry, using artificial intelligence to provide users with travel inspiration and plan vacations by aggregating data from platforms such as Booking.com and Skyscanner.
Roam Around is an AI-powered travel planner that generates unique, tailor-made itineraries for users based on their desired location. According to Layla’s co-founders, Jeremy Jauncey and Saad Saeed, as of November 12, 2024, the Company has created over 10 million itineraries for users, making it one of the fastest-growing AI travel startups.
As Layla leveraged its partnerships with Skyscanner and Booking.com to ensure the accuracy of its flight prediction models and selection of hotels, Roam Around integrated with Viator, the world’s largest online marketplace for tours and attractions, as well as a range of restaurants around the world, bringing the best of both worlds together through this acquisition. While the deal’s valuation has not been disclosed, the synergies between the two companies are expected to increase user value and enhance the future of traveling planning.
The Canada Growth Fund (“CGF”) has announced a C$89 million investment in Calgary-based Eavor Technologies (“Eavor”), a global leader in closed-loop geothermal energy. An additional C$48 million may…
Alta Daily (“Alta”), founded by Jenny Wang, is an innovative startup that is transforming how artificial intelligence can assist users with personal styling. Shortly after launching the company, Wang…
Web Summit is a growing international technology conference that has rapidly become “one of the world’s biggest and best”. As the predecessor to Toronto’s highly-successful Collision conference, Web…
Microsoft recently announced a US$400 million investment in its Swiss data centres to develop cloud computing and AI infrastructure in the country. The money will be used to expand and upgrade four of…
Since 2022, Zown Realty Inc. (“Zown”) has provided Canadians with an easy, fast and comprehensive app to support those looking to buy or sell real estate. Zown recently expanded into the United States…
Eli Science Inc. (“Eli Health”), a Montreal-based startup, has secured C$17 million in Series A funding to launch its at-home hormone monitoring technology. This round of investment was led by…
