Evature

Company Overview

Snapshot

Founded in November 2009 by Barry Volinskey and Tal Weiss, Evature operated with 1-10 employees. The company raised $5M across two funding rounds and was acquired by Booking.com in September 2017.

Business overview

Evature provides the Expert Virtual Agent (EVA), a solution designed to enhance free-text search capabilities for online travel platforms. The company utilizes algorithms to process user search requests, converting them into structured queries with high precision. This technology aims to improve conversion rates, revenue, and user satisfaction within the travel industry, operating in the Business Software sector with a focus on Sales & Marketing Solutions, Artificial Intelligence, Natural Language Processing, and Chatbots for the Travel & Tourism market.

Strategic signal

Evature's acquisition by Booking.com in September 2017 highlights the strategic value of its natural language processing and AI-driven search technology within the competitive online travel sector. This exit signals the increasing demand for sophisticated conversational AI solutions to enhance user experience and operational efficiency in large-scale consumer platforms.

Company Intelligence Q&A

What is Evature's core product?

Evature offers the Expert Virtual Agent (EVA), a solution that enables free-text searches for online travel by utilizing algorithms to process user inputs and convert them into structured search queries.

When was Evature acquired?

Evature was acquired by Booking.com in September 2017.

Who founded Evature?

Evature was founded by Barry Volinskey and Tal Weiss.

What is Evature's primary focus market?

Evature primarily focuses on the Travel & Tourism market, specifically targeting travel agencies with its AI-driven search solutions.