Wenrix is a travel technology company that develops AI-powered price intelligence and automation solutions for airfare optimization. Founded in 2017, its clients include over 60 online travel agencies (OTAs) and travel management companies (TMCs). The company processes over $12 billion in annual air volume and analyzes 912.5 billion data points.
The company's product suite addresses different segments of the airfare lifecycle. FareSight offers predictive price assurance. FlexEngine provides affordable flight flexibility options. DeepFlow automates post-booking servicing, including cancellations, exchanges, and refunds, achieving automation rates of over 93%.
Wenrix is headquartered in Tel Aviv and is part of Etraveli Group, headquartered in Stockholm. The company was acquired in a deal valued between $200 and $300 million. Its technical work involves AI, machine learning, big data analytics, and price intelligence.
