Mews raises $300M to accelerate AI-powered hospitality operations
Mews, a significant player in the hospitality technology sector, has successfully secured $300 million in a Series D funding round, underscoring the growing importance of AI-driven solutions in operational efficiency. This substantial investment, led by EQT Growth and bolstered by new and existing investors, propels the company's valuation to $2.5 billion and signals strong market confidence in its cloud-native operating system. The funding is strategically earmarked for accelerating AI development and further expanding Mews' global reach. The core of Mews' offering is a comprehensive cloud-based platform that seamlessly integrates essential hospitality functions, including property management, point-of-sale systems, revenue management, and guest-facing tools. With over 15,000 properties worldwide utilizing its system, Mews empowers hoteliers to automate tasks, personalize guest experiences, and drive revenue growth. The recent acquisition of DataChat, a generative AI analytics platform, further amplifies its commitment to leveraging cutting-edge AI to transform hospitality operations. This influx of capital will enable Mews to deepen its investment in artificial intelligence, specifically focusing on agent-based systems designed to automate complex workflows and reduce staff burdens. The company also plans to bolster its Mews Payments offering and embed commerce more thoroughly within hotel operations. These advancements are poised to benefit a wide range of stakeholders, from hotel owners seeking to increase profitability to guests looking for more seamless and personalized stays. The substantial growth reported by Mews in the past year, including millions of monthly active users and billions in platform transaction volume, positions it as a formidable European alternative in the global hospitality tech landscape. The company's aggressive expansion plans across North America and Europe, coupled with its focus on AI innovation, suggests a clear strategy to consolidate its leadership and redefine industry standards.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.