Artificial intelligence (AI)-powered property management platform Jurny has received what it calls a “substantial” investment, bringing the company’s funding to more than $16 million in total.
The company did not specify the investment amount but said the deal marks the beginning of an “aggressive expansion strategy.” Founded in 2019, Jurny also made headlines when it raised $9.5 million in 2021.
The company said the investment came from three leaders in the global hospitality industry, including Paz Levy, founder of the Privilege Hotels, and Eran Danino, an entrepreneur with experience in fintech, AI platforms and technology innovation, and entrepreneur Bryan Leibman.
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"With our AI technology now battle-tested and proven to deliver exceptional results, this strategic partnership marks a pivotal moment in Jurny's trajectory," said Luca Zambello, CEO and founder of Jurny.
"The combination of our mature platform and the deep industry relationships of our new partners positions us to rapidly capture substantial market share across the $5.7 trillion global hospitality ecosystem."
The investment agreement includes the deployment of Jurny’s platform to hotels managed by property management company of AD1 Global, totaling about 4,300 rooms.
"The hospitality industry is at a critical inflection point, and Jurny's AI platform represents a multi-billion-dollar opportunity to transform how companies operate," Levy said. "Our analysis shows that each major enterprise deployment could generate millions in recurring revenue while delivering unprecedented operational efficiencies for customers.”
Levy continued: “The AD1 deal is just the first step in our strategy to roll out this technology across the broader hospitality landscape, where we see tremendous potential for expansion into adjacent markets."