In the latest news, Impala- London-based startup, is raising $20 million Series B round led by Lakestar. According to reports, Latitude Ventures is also participating in the round.
According to reports, the company is developing a service which functions like Plaid, will however be applicable for hotel rooms. The hotel industry is dependent on old-school “property management systems” in order to manage rooms, room types, pricing, taxes and extras.
The company is upgrading the system with modern API, instead of requiring hotels to switch to an entirely different property management system.
In this way one can build applications that query hotel data with few lines of code. One can get standardized JSON response from the API.
Reports suggest, three hundred hotels are currently working with Impala, these include Hyatt-branded hotels and Accor hotels (Mercure). Furthermore, the company has a backlog of 3,500 hotels.
Sources also highlight the company’s efforts into developing read-only data, where the startup wants developers to book rooms directly with Impala API.
As a result hotel bookings could be open to many other services. Many hotels currently work with channel managers to send out information to multiple services at once. In the future, Impala could replace those channel managers with its API.