Enterprise IT Startup Closes $20 Million

OTA Insight, a hotel and property revenue management technology provider, completed $20 million in financing, led by Eight Roads. F-Prime Capital also participated.

According to the company, users of its platform can access future and historic rates for their company and competitors, track where they are losing revenue, see an accurate snapshot of what is happening in their market, and track their ranking and rating performance compared to competitors.

OTA Insight will use the funding to focus on advancing its platform’s machine learning and AI capabilities.