"TripActions, a booking and management platform that offers enterprises real-time data, automated reporting, and insights into business travel and expenses, has raised $155 million in a series E round of funding co-led by existing investor Andreessen Horowitz."

"Founded in 2015, TripActions is an AI-enabled platform that gives companies of all sizes access to inventory spanning flights, accommodation, and car rentals, alongside 24/7 access to a global network of travel agents."

"But one of the big selling points for businesses is the growing amount of data it offers, with TripActions now serving as an end-to-end tool encompassing both travel and expense management."

"On the travel side, the tech is used to optimize flights and hotels based on a company or individual’s preferences, historical travel behavior, and more."

"And on the Liquid (payments and expense) side, TripActions leverages AI to automatically classify each expense to a category, detect items that aren’t permitted under a company’s policy, and align spending with corporate events in the calendar."

"These updates are designed to help finance teams dig deep into payment and expense data in real time, rather than waiting for employees to manually submit expenses, as would be the case with traditional systems."

"“Even if travel is different in the future — say, more teams travel for remote team meetings or a wider spectrum of employees travel fewer times per year — TripActions will still be winning that business.”"

"“The spend management technologies that TripActions has launched in the last year really help expand our business into new markets that are parallel to corporate travel,”"