Cloud-based travel technology provider spotnana on Tuesday said it has raised $75 million in its Series B funding round led by Sustainable capital partners LP.
Founded by Sarosh Waghmar and Shikhar Agarwal, the platform has raised more than $100 million in two years, doubling the number of employees to over 200 people and the majority of them work in Bengaluru, Pune and Mumbai.
“The infrastructure that has existed for decades creates huge barriers between suppliers and travelers. We provide an open platform that allows the entire travel ecosystem to work together to deliver unparalleled travel experiences,” said CEO Waghmar.
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The latest round saw participation from existing investors Madrona Venture Groupblank companies, ICONIQ growthand Mubadala Capital.
The new funding will enable Spotnana to accelerate the hiring process and drive faster adoption of its travel-as-a-service platform, which provides a single cloud-based technology stack to businesses, travel management companies, vendors and technology providers.
“We bring together engineers from Microsoft, googleand other technology leaders to build a new, high-performance travel infrastructure that leverages massive volumes of data and artificial intelligence to support hundreds of millions of travelers every year,” said CTO Agarwal.
Spotnana is accelerating innovation in the travel industry by empowering everyone to tap into the power of cloud computing, microservices, an open platform and open Application Programming Interfaces (APIs), he added.