Diamo, a NYC-based, a fast-growing hospitality revenue management system technology startup. Diamo was funded $4 million in a seed funding round aimed at accelerating the development of its cutting-edge hotel revenue management platform.
The round was led by Thayer Ventures and Inovia Capital, with participation from Avalon Capital Group and angel investors.
The company’s flagship product, an AI-powered revenue optimization platform designed specifically for the hospitality industry, promises to reshape how hotels manage pricing, occupancy, and demand forecasting in an increasingly competitive global market. The fresh injection of capital will enable DIAMO to enhance its product capabilities, expand its engineering and data science teams, and fast-track market rollout plans across the United States and Europe.
DIAMO emerged from stealth last year with a mission to bring advanced data intelligence and automation to an industry long reliant on manual processes and legacy systems. Its platform uses machine learning algorithms to analyze a range of market variables—such as local demand trends, competitor pricing, booking patterns, and event calendars—to deliver real-time pricing strategies and revenue recommendations for hotels.
DIAMO plans to use the new funding to build out its AI capabilities, integrate with more Property Management Systems (PMS), and launch new features such as automated rate adjustments, competitor benchmarking tools, and granular demand forecasting. The company is also planning a major hiring push, with open positions in engineering, product management, and sales.
The startup is already piloting its platform with over 50 hotels across North America and Europe, with early adopters reporting increased revenue per available room (RevPAR) and higher direct booking rates.
Looking ahead, DIAMO aims to become a central decision-making hub for hotel operators—not just in pricing but across marketing, distribution, and operational planning.
With the global travel and tourism industry rebounding post-pandemic and digital transformation sweeping through the sector, DIAMO’s momentum could not be more timely. The $4 million funding round sets the stage for the company to solidify its position as a key innovator in the hospitality tech space.
By: K. Tagura
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