Concur invests $2M in voice tech tool Evature, first startup on receiving end of $150M fund
The voice technology startup – creator of the EVA (Expert Virtual Agent) tool – will receive $2 million from Concur as part of the Concur Perfect Trip initiative.
The idea behind the $150 million fund, Concur says, is to “identify and partner with promising companies that will participate in the Concur T&E Cloud”.
No other companies have been identified as yet.
Evature has had a number of earlier successes in its relatively short history, securing a voice tool deal with iCruise earlier this year as well as working with Travelport as part of its entry for the PhoCusWright Travel Innovation Summit, which it eventually won.
Concur chairman and CEO Steve Singh says:
“Concur’s vision for The Perfect Trip is built on creating a travel ecosystem that dynamically responds to the needs of business travelers, the companies that they work for and the suppliers that serve them.”
Kevin May is a senior editor and one of the co-founders at Tnooz. He was previously editor of UK-based magazine Travolution and web editor of Media Week UK from 2003 to 2005.
He has worked in regional newspapers (Essex Enquirer) and started his career in journalism at the Police Gazette at New Scotland Yard in London. He has a degree in criminology, a postgraduate diploma in magazine journalism and publishes his first book - a biography about electronic band, Depeche Mode - in 2015.