Airnguru, a Chilean technology company that provides pricing solutions for airlines, has raised $1 million in pre-Series A funding to help build its client base and develop new products.

The funding round for the company founded in 2015 saw participation from a group of unnamed angel investors formed by senior executives, board members, family offices and entrepreneurs, the company said.

Sergio Mendoza, CEO and co-founder of Airnguru, said the funding was a testament to the company’s commitment to “helping airlines unleash their full potential to maximize profits, productivity and innovation.”

“This capital injection will further empower us to expand our client base and solidify our position as a one-stop-shop provider of pricing intelligence and execution, fare management and price automation solutions to some of the world’s largest carriers,” Mendoza said.

Clients for the company’s cloud-native pricing solutions include Qatar Airways, British Airways, Avianca, Copa Airlines, LOT Polish Airlines, Finnair and Sky Airline.

The new investment will also help expedite development of new products, the company said, including a simulator for strategy optimization and a new suite for ancillary price optimization and management.

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