| Company | Duetto Research |
| Address | 649 Mission St, Suite 560 San Francisco, CA, 94105 USA |
| Founders | Marco Benvenuti, Patrick Bosworth & Craig Weissman |
| Founded | February 2012 |
| Funding | $ 12.1 million |
| Employees | 5 |
| Website | www.duettoresearch.com |
| Rating | 6 bits |
The first product of Duetto Research is a SaaS application helping hotels forecast demand, set prices and manage distribution. This product is the first big data application for the worldwide travel industry. Their focus is around customer demand data from large travel companies but they start serving small and medium-sized lodging businesses.
In October 2012 they have launched Duetto Edge, a cloud-based software solution helping hotel executives to optimize demand, maximize revenue and lower expenses. The algorithms of Duetto Edge recommend actions to optimize the channel mix and with the use of on-demand visualizations managers can better understand future demand patterns. It monitors competitors and highlights opportunities to raise rates. Duetto Edge offers also alerts that inform the users of rate parity discrepancies so immediate actions can be taken. The solution can be viewed on any device so hotel executives receive critical data and insights at any moment at any place.
The company, founded by former Salesforce.com CTO Craig Weissman and travel industry experts Patrick Bosworth and Marco Benvenuti, raised $ 2.1 million in Series Seed funding in April 2012 from a large group of investors, including Steve Blank and they raised another $ 10 million in December 2012.
The travel and hospitality sector makes up almost 10% of global GDP and Duetto Research works with large companies in each of the major travel verticals. It is known that the travel industry is a conservative industry and that they are slow to adapt to new changes and new technology. Therefore, Duetto Research faces a challenge to prove their business model and to show the travel industry their value. So, although the SaaS application Duetto Edge promises to make life easier for travel companies, the future will tell if they company can really make a difference in this challenging industry. Therefore, BigData-startups.com rates Duetto Research with a 6 bits rating.
