Cruisewatch receives around one million euros

The start-up from Hanover intends to use the money to further develop its AI for travel advice and sales.

The Hanover-based start-up Cruisewatch says it has completed an investment round of more than one million euros. The sum includes research funding from the European Regional Development Fund (ERDF), supported by funds from the state of Lower Saxony. The investors also include NBank Capital Beteiligungsgesellschaft mbH and Hannoversche Beteiligungsfonds (HBF), which have once again invested in the start-up alongside three business angels.

Cruisewatch wants to use artificial intelligence to change advice in the travel industry. To this end, the start-up has developed a data-driven technology that aims to simplify the advisory process, find intelligent solutions and digitalize the sales process as a whole.

Cruisewatch intends to use the investment to further develop its AI-supported solutions for text and speech recognition as well as process automation. The solutions have already been trained with cruise-specific content and can be implemented directly and linked to the partners' data and processes, according to the start-up.

"We are delighted to have received new capital in the middle of the Covid crisis," says Markus Stumpe, CEO and co-founder of Cruisewatch. "This shows the confidence in us as a team, in our technologies and confirms the potential to expand in the travel market and beyond."