Jurny

The impending AI revolution is set to reshape industries across the board, and the hospitality sector is no exception. However, for this industry to embrace the potential of AI, it requires the right infrastructure, which is not an overnight process. Implementing such infrastructure can take months, even years, especially for a historically slow-to-adopt industry like hospitality, and demands substantial financial investments, making it a challenging endeavor.

At the forefront of this revolution is Jurny, a trailblazing company that is the first to possess  the necessary infrastructure to lead the charge. Jurny has already integrated the most advanced AI technology into its framework, positioning itself as a frontrunner in the race to bring AI into the hospitality realm.

Co-Founded in 2019 by Luca Zambello, Jurny is dedicated to revolutionizing the hospitality industry by making AI automation for property managers across the globe.

Before Jurny, we managed a hospitality company responsible for over 300 units across five major US cities. 

We know first hand the problems, challenges and inefficiencies property managers face. 

Way too many solutions in the market and problems with multiple integrations create headaches for property managers. These problems include multiple onboarding sessions and high costs associated with each product with no centralized dashboard for keeping track of them. But most critically, these obstacles make it nearly impossible for an advanced AI system to streamline automations and access vital data for accurate decision-making and training. 

Personal AI, ChatGPT and other cutting-edge AI models are radically reshaping the future of every industry and venture capitalists are pouring billions into AI startups to capitalize on this disruption

AI has the capability to streamline outdated hotel and inefficient Airbnb operations, with the potential to save trillions. However, the current lack of infrastructure and industry technology fragmentation will make AI accessible to only a selected few, giving them a massive competitive advantage. This is where Jurny sees a huge opportunity.

The first one-click, end-to-end property management system powered by industry leading AI.

Jurny provides users with an AI-powered PMS (Property Management System) that effortlessly automates operations for hosts, hotels and property managers in matters of clicks. Now, with Jurny OS, users can integrate and effortlessly manage software for bookings, cleanings, reviews management, customer service, dynamic pricing, and more -- all in one dashboard and all enhanced by the industry leading AI, Nia.

Through IoT connections, hosts can also control the smart devices within all of their units (locks, thermostats, sensors, etc.) and create automations for them.

And with our direct, in-depth integration with Airbnb, Booking.com and many more booking channels, hosts and property managers can manage all aspects of their listings and operations from within the PMS, including messaging, reservations, availability, pricing, reviews, cleanings, alterations, and seasonal discounts. Not only can they manage everything from a single platform, they can also fully automate all of those aspects with Nia.

Meet Nia, Jurny's state-of-the-art artificial intelligence innovation that is transforming the landscape of the hospitality industry. Nia is not just an AI – it’s a revolutionary system designed to address and overcome the complexities and inefficiencies that plague the hospitality sector.

At its core, Nia leverages a unique, vertically-integrated platform that unifies a myriad of tools and services under a single, intuitive dashboard. This allows for unprecedented control and automation of processes that have traditionally been fragmented and inefficient. From smart device troubleshooting and geolocation-based recommendations, to comprehensive API integrations for automated operations and IoT connectivity for smart device control, Nia does it all.

But what truly sets Nia apart is its ability to adapt and learn, offering each host the capability to customize the AI's responses and interactions to align with individual guest needs and property requirements. This level of customization and control is simply unparalleled in the industry.

Nia, in essence, represents the future of hospitality - a future where technology and human touch merge seamlessly to offer superior service and increased efficiency.

Future projections cannot be guaranteed. Note: chart is cumulative, and discusses contracted ARR, which differs from the revenue shown in our GAAP financial statements.

With 200% revenue growth, $2.2M annual recurring revenue booked and on track to achieve breakeven, Jurny is just getting started.

Our target of 1400 units by Q1 2023 was achieved, and now, it's time to scale.

Future projections cannot be guaranteed.

We moved from Beta (prototype) to our ready-for-market product release in Q3 of 2022. This upgrade created a 10X efficiency in the Jurny customer experience from a time, savings and value perspective.

We're consistently growing in the right direction.

Our clients are saving more time and money as a result of our technology/IP innovations and the integration of AI into our product offerings. Our platform harnesses the power of AI and automation to simplify daily tasks, optimize resources, and streamline operations, ultimately leading to enhanced guest experiences and increased revenue for our clients. By choosing Jurny, property managers already save an average of $2,200 per year, per property on software costs alone, and decrease labor costs by an estimated $7,400 per year, per property. Additionally, Nia is able to manage over 90% of guest communication, surpassing traditional customer service with ease and precision and reducing customer service costs by up to 30%.

Jurny 2.0 vs Top Competitors

Jurny stands out from the crowd by removing all barriers to entry with our one-click onboarding, all-in-one dashboard for 3rd party systems, IoT Hub, advanced AI assistant and GPT-4 powered toolset, and our FREE starting monthly cost. Positioning Jurny as a unique solution with an unmatched competitive advantage.

We are thrilled to announce significant enhancements to our Nia and Nia FAQ! Thanks to your invaluable feedback, we've been able to supercharge Nia, and the feedback has been nothing short of stellar.

As of our latest update released yesterday, a properly filled FAQ now boasts Nia to an astonishing 640% increase in accuracy. This is a giant leap forward in our commitment to providing customers with the most advanced AI in hospitality.

Since the launch of our MVP in 2019, we've quickly grown to include deep integrations with Airbnb, Zapier, Turno, GPT-4, Smart Things, and many other major softwares to further position Jurny as a leader in the industry.

We've been featured as an AI industry disruptor in major publications such as Bloomberg, Forbes, WSJ, Entrepreneur, Business Insider, Skift and Yahoo Finance for our innovative use of AI within hospitality tech.

Our expert team's combined experience across big-tech and major hospitality companies perfectly primes us with the relevant knowledge and expertise to develop and scale Jurny’s offerings.

Today's leading VC's have invested in Jurny:

And, we are immensely proud to acknowledge that several of our investors are also Jurny users. It's this user community, intertwined with the retail investment sector, that has truly propelled us to our current position. Without our customers' enduring support, Jurny's success would remain a distant dream.

In recognition of this invaluable contribution, we are excited to offer our customers an opportunity to participate in our growth. We believe in creating a win-win situation, where you, our customers, can share in our success.

In line with this commitment, we're offering the same investment terms to our customers that our VCs have enjoyed in this round. We firmly believe that every investor, regardless of their background, should have access to the same opportunities as VCs and professional angels.

This is more than just an investment opportunity; it's our chance to continue crafting our vision collectively. Join us on this journey, share in our growth, and let's redefine success together.

Join us, as Jurny grows and becomes the gold standard AI-based technology for property managers.

We're raising money to accelerate our growth and continue with our product development. As our technology evolves, we are able to continuously reduce our operational costs, allowing us to increase our profit margin and offer a better product.

We also plan to greatly increase our marketing and outreach strategies, while simultaneously continuing to develop the features on our roadmap, so that we can build Jurny into the ultimate one-stop-destination for hosts and hotels.

It’s worth mentioning that we’ve been told we could raise at a valuation at least double the listed price for this round given that AI technology and software companies consistently raise at 15-50X contracted revenues, but we chose to price this round conservatively.

Guesty and Hostaway, our competitors in the hospitality industry, have recently raised $170M and $175M (respectively) at valuations speculated to be upwards of $600M. 

We chose to raise at our current valuation because the retail investor community is near and dear to us, and we know that pricing conservatively will create more meaningful upside for each investor. As management, we’ve taken businesses to exit several times and have learned plenty of lessons along the way, and know that being conservative now will allow for stability and more impact in the future.