Geneva-based big data specialist ZYTLYN raises USD 2.5 million

One of the world’s largest big data players in the travel industry, ZYTLYN Technologies has secured USD 2.5 million in funding to accelerate its growth.

ZYTLYN is a data analytics and AI company whose platform gives customers the ability to optimize critical decision making through predictive insights, notably within the travel industry.

Contrary to other solutions, the start-up does this without its clients having to replace their existing systems, while already working with leading airlines, travel agencies and airports, offering a new generation of contextual prediction of demand, prices, revenues, and sales.

“The travel sector is ideally positioned to benefit from ZYTLYN’s predictive insights, technology and platform. Not only was the industry hit hard by the pandemic, but travel offers a complex landscape, incredible permutations and massive fragmentation. By capturing every possible signal, using machine learning to find patterns and correlations in real-time, we provide airlines, travel agencies, airports and hotels, with rich predictive insights about granular consumer, competitor and market behaviors”, said Houman Goudarzi, Co-Founder & CEO of ZYTLYN.

A unique platform and technology

Thanks to investors such as Fongit, Plug & Play Ventures, the Swiss ICT Investor Club and the former president of Amadeus, the Geneva-based start-up was able to raise USD 2.5 million.

“Out of the many big data analytics start-ups that we have come across, ZYTLYN stood out with their unique platform and technology. They are tackling predictive analytics during a time when it’s urgently needed, with an ambitious vision, going after big impact. With their team of industry experts, exceptional engineering and data science talent, we believe ZYTLYN will scale quickly and have a positive impact on the entire travel industry and beyond.” says Amir Amidi, Managing Partner at Plug and Play.