Faye Raises $50 Million Series C for AI Travel Platform

Israeli travel-tech company Faye has raised $50 million in a Series C round led by Madrona, bringing its total funding to $100 million. BRM joined the round alongside existing investors Portage, F2 Venture Capital, Viola Ventures and Lumir Ventures. Faye plans to use the capital for international expansion and to deepen artificial intelligence across underwriting, traveler assistance and claims, with a goal of resolving more than half of claims autonomously by year-end. The company employs 91 people in Tel Aviv and 88 in the United States.