Evature
Free-text Search for Online Travel
Company Overview
Snapshot
Founded in November 2009 by Barry Volinskey and Tal Weiss, Evature operated with 1–10 employees. The company raised a total of $5 million across two funding rounds, with SAP Concur as an investor. Evature was acquired by Booking.com in September 2017.
Business overview
Evature specializes in business software, offering the Expert Virtual Agent (EVA), a solution designed for free-text search in the online travel sector. Utilizing advanced algorithms, EVA processes natural language search requests, converting them into structured queries with high precision. This technology aims to enhance conversion rates, revenue, and user satisfaction for businesses in the travel and tourism industry, particularly travel agencies, by improving the search experience.
Strategic signal
In November 2012, Evature secured an investment from SAP Concur, a significant validation of its voice technology tool for the travel industry. This investment highlighted the growing interest in natural language processing and AI solutions to streamline online travel booking processes, signaling a market trend towards more intuitive and user-friendly search interfaces.
Log in to access full profile ›Company Intelligence Q&A
- What is Evature's primary product?
- Evature's primary product is the Expert Virtual Agent (EVA), a solution designed for free-text search in online travel, utilizing algorithms to process and convert user inputs into structured search queries.
- When was Evature acquired?
- Evature was acquired by Booking.com in September 2017.
- Who were the founders of Evature?
- Evature was co-founded by Barry Volinskey and Tal Weiss.
- Which investor participated in Evature's funding rounds?
- In November 2012, SAP Concur invested $2 million in Evature.
- What is the total capital raised by Evature?
- Evature raised a total of $5 million across its funding rounds.