Radiant1, a Singapore-based Asia-focused AI-based SaaS solution, has closed a Pre-Series A funding.
SaaS Investors
The round was led by Monk’s Hill Ventures.
Founded in 2014, Monk’s Hill Ventures is a venture capital firm investing in early-stage tech companies, primarily pre-Series A and Series A, in Southeast Asia.
Radiant1 Use of Funds
The company plans to use the funding to expand its footprint in Thailand, Malaysia, and Indonesia, as well as to experiment with Generative AI to hyper-personalize customer engagement with hotels.
About Radiant1
Founder by Apichai Sakulsureeyadej, Radiant1 is a SaaS startup that helps hotels maximize revenue through machine learning algorithms that analyze various factors, including real-time demand and travel behavior, to optimize room rates in real time. Radiant1’s customers include hotels with global chain brands, independent and boutique chain hotels, hotel management companies, short stay operators, and hotels of all sizes. The company has already established its footprint across three markets – Thailand, Malaysia, and Indonesia.
Funding Details
Company: Radiant1 Pte, Ltd.
Raised: Undisclosed
Round: Pre-Series A
Funding Month: November 2023
Lead Investors: Monk’s Hill Ventures
Additional Investors:
Company Website: https://radiant1.co/
Software Category: Revenue Management
Source: https://www.monkshill.com/content-hub/radiant1-raises-pre-series-a-round-led-by-monks-hill-ventures-to-build-asias-leading-revenue-management-platform-for-hospitality