Startups
On November 18, 2020, Oracle announced that it has entered into an agreement to acquire Nor1. The acquisition extends Oracle Hospitality's OPERA Cloud Suite by adding Nor1's Merchandising platform that enables hotels to provide personalized offers throughout the guest journey using AI & machine learning, thereby improving guest engagement, and driving incremental revenue and improved loyalty for hotels.
Nor1 delivers industry leading upsell products and solutions all built on a core platform that combines a machine learning based decision engine with an optimized operational process. This enables hotels to enhance the guest stay and generate greater revenue throughout the entire reservation life cycle.
The combination of hospitality experience, historical data intelligence and well designed, sophisticated algorithms ensure that hotel companies utilizing the Nor1 platform are able to price, present and sort offers to maximize conversion and profitability.
With over 4,000 installs representing more than 1,000,000 rooms worldwide, Nor1 has developed new and innovative enterprise scaled products and consultative services. These products and services provide hotel companies with extraordinary opportunities to take control of their guest engagement and revenue destiny.
Nor1 delivers industry leading upsell products and solutions all built on a core platform that combines a machine learning based decision engine with an optimized operational process. This enables hotels to enhance the guest stay and generate greater revenue throughout the entire reservation life cycle.
The combination of hospitality experience, historical data intelligence and well designed, sophisticated algorithms ensure that hotel companies utilizing the Nor1 platform are able to price, present and sort offers to maximize conversion and profitability.
With over 4,000 installs representing more than 1,000,000 rooms worldwide, Nor1 has developed new and innovative enterprise scaled products and consultative services. These products and services provide hotel companies with extraordinary opportunities to take control of their guest engagement and revenue destiny.
Overview
Location
United States, California, Santa Clara
Employees
51-200
Phone
+1 737-867-1000
Total raised
$9M
Founded date
2004
Investors 2
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Accel Partners | accel.com |
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 10
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Apr 17, 2013 | Concur Launches An App Store To Show Off Its Partners, Investments | Travel and expense management giant Concur is today launching an app store of its own, featuring the applications from companies it has partnered with, as well as those it has invested in through its recently announced $150 million “Perfect... |
| Dec 19, 2012 | Nor1 Raises $9M in Series B Funding | Nor1, a Santa Clara, CA-based provider of data-driven pricing and merchandising solutions for hotels and resorts worldwide, has raised $9m in Series B funding. The round was led by new investor Concur (NASDAQ: CNQR). The company intends to ... |
| Dec 18, 2012 | Data-Driven Travel Pricing Engine Nor1 Raises $9M From TripIt-Acquirer Concur | Nor1, a company that powers dynamic pricing and merchandising for hotels and resorts has raised $9 Million in Series B funding led by Concur, the acquirer of TripIt. This brings the company’s total funding to nearly $18 million. Nor1, which... |
| Dec 18, 2012 | Concur leads $9 million investment in Nor1, a service to help hotels upsell guests | Concur continues to put money to work in the online travel arena, announcing today that it is leading a $9 million investment in Nor1. The Silicon Valley company has developed a technology to help hotels upsell guests on their existing hote... |
| Dec 18, 2012 | Nor1 Secures $9M in Series B | SANTA CLARA, CA, Technology leader in upsell solutions, announced today that it has secured $9 Million in Series B funding led by new investor Concur. >> Click here for more funding data on Nor1 >> To export Nor1 funding dat... |
| Dec 17, 2012 | Funding Daily: Hannukah is over | This past Saturday was the last night of Hanukkah. Alas, this week, no more golden glow of the menorah or gifts after a long day of covering funding news for me. I shall settle for posting one, final picture of a menorah. For more funding n... |
| Dec 17, 2012 | Funding Daily: Hannukah is over | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! This past Saturday was the last night of Hanukkah... |
| Aug 11, 2011 | 6 самых интересных стартапов Plug & Play | «Plug & Play — это место, в котором надо находиться, чтобы построить успешно свой бизнес», — сказал мне один из предпринимателей на встрече. «Мы решили здесь больше не оставаться, а уехать завтра в свою страну досрочно, строить там свой... |
| Sep 2, 2009 | Nor1 soars with $8M to give travelers upgrades | Nor1, a software platform that allows some travelers to upgrade hotel rooms, airlines tickets, etc. for free, has raised the bulk of an $8.1 million round of equity, according to a regulatory filing. The Cupertino, Calif. company’s lead pro... |
Reviews 0
FAQ about Nor1
When was Nor1 founded?
Nor1 was founded in 2004.
How much funding has Nor1 raised?
Nor1 has raised $9M in total across 1 funding round.
Who has invested in Nor1?
Parsers VC lists 2 investors of Nor1, among them Accel Partners.
What has the press written about Nor1?
Parsers VC has collected 10 articles mentioning Nor1, among them “Concur Launches An App Store To Show Off Its Partners, Investments” (Apr 17, 2013) and “Nor1 Raises $9M in Series B Funding” (Dec 19, 2012).
Is Nor1 still active?
Nor1 is probably closed: its latest activity on Parsers VC dates from Jul 25, 2013.