Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. Coming from the e-commerce industry, Cohen felt that airlines weren’t making the most of emerging technologies, particularly AI, which he thought had the potential to bolster profits while cutting costs.
It’s these perceptions that led Cohen to co-found Fetcherr, a platform that attempts to optimize prices for airfare using AI algorithms. Fetcherr today closed a $12.5 million funding round led by Left Lane Capital with participation from M-Fund, binging the company’s total raised to $31 million across equity and debt.
Cohen, who co-founded Fetcherr in 2019 alongside Shimi Avizmil, Uri Yerushalmi and Robby Nissan and serves as the company’s CEO, says that the company will put the funds toward supporting ...
