South Korean travel AI startup Globaleur raises $2.5M to connect an end-to-end experience | Tech US News

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South Korean travel tech startup Globaleur has raised $2.5 million in its pre-series A round and recently completed setting up an office in Singapore as part of its Southeast Asia (SEA) expansion plans.

Globaleur said in a statement on Tuesday that it has attracted renowned venture capital firms such as SeaX Ventures, Knet Investment Partners, Big Basin Capital and Primer Sazze based in San Francisco and Seoul.

David C. Lee and Grace Wang founded Globaleur in 2017. The duo designed the Globaleur engine to leverage artificial intelligence (AI) solutions to solve the problem of the fragmented travel industry by connecting the end-to-end travel experience.

Globaleur addresses the travel experience gap through three key components; pre-flight, in-flight and at destination.

Its AI personalization engine maps user preferences across the board. From destinations and flights, your interactions with in-flight entertainment systems in the air and activity preferences on the ground.

Globaleur presents users with a comprehensive overview of their trip for a hyper-personalized traveler experience.

“There is a mega-trend in AI-driven personalization across multiple industries, and travel, which is now recovering from COVID, will join this trend.

“We decided to invest in Globaleur as it is one of the first companies to apply this technology to help airlines, hotel chains, travel management companies (TMCs), online travel agencies (OTAs) and government-run tourism boards to provide a seamless travel experience to its end users while customizing offers and itineraries for both leisure and business travelers,” said Supachai Kid Parchariyanon, managing partner of SeaX Ventures, co-founder and CEO of RISE.

According to the statement, the Korea Tourism Startup Center (KTSC) has been working with Globaleur ahead of its pre-Series A round to lay the groundwork for expansion in Singapore.

KTSC’s efforts led to talks between the Changi Airport Group and Globaleur Jang Min Jun, deputy director of KTO Singapore, which is in charge of KTSC.

“Globaleur’s solutions have the potential to enhance Singapore’s digital travel infrastructure. KTSC is connecting them with key industry stakeholders and we are excited to be a part of their global growth,” said Jang.

As the global tourism industry recovers, Globaleur has gained a lot of momentum in the market and is receiving strong interest from global FSC (Full Service Carriers) airlines, government-operated tourism boards, airports, hotel chains and some of the older commercial banks in the Asia Pacific (APAC) region.

Its growth has skyrocketed along with the market recovery and it expects to grow its annual recurring revenue by 6x with over 5 million monthly active users.

“Singapore plays an important role in our business strategy towards 2023. KTSC has been a big part of that drive, helping us to accelerate the discussion with Changi Airport Group by putting us in touch with the relevant business contacts in Singapore and saving us months in our sales cycle ,

“We anticipate that our partnership with Singapore’s travel industry will serve as a regional benchmark in the near future,” Lee said.

With this momentum, Globaleur recently completed the establishment of its office in Singapore. This initiative will be spearheaded by Globaleur’s best global talent and will position Singapore as the gateway to the rest of SEA.

Indonesia’s Traveloka receives $300 million investment from BlackRock, Allianz, Orion Capital Asia and others.

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