High-Level Overview
Nowadays is an AI co-pilot designed to automate and simplify corporate retreat and event planning by handling the most tedious and time-consuming tasks such as venue sourcing, negotiations, and logistics management. Its proprietary AI interacts directly with venues, extracting quotes, negotiating rates, and managing communications, which significantly reduces the manual workload for event planners. The platform integrates a global database of over 400,000 venues, enabling personalized, efficient, and cost-effective event planning for corporate clients ranging from small team gatherings to large conferences[1][2].
For an investment firm, Nowadays represents a cutting-edge startup in the AI-driven event tech sector, focusing on automating complex logistical workflows to enhance productivity and reduce costs in corporate event management. Its mission centers on transforming event planning into a seamless, enjoyable process through AI innovation. The company’s investment philosophy likely emphasizes scalable AI solutions that address real-world inefficiencies in large, fragmented markets such as corporate events. Key sectors include AI, SaaS, event technology, and enterprise automation. Its impact on the startup ecosystem is notable as it exemplifies how AI can augment human roles, creating new efficiencies and business models in traditional industries[1][2].
For a portfolio company, Nowadays builds an AI-powered event planning platform serving corporate event planners and companies organizing retreats and conferences. It solves the problem of overwhelming manual coordination, costly full-time assistants, and inefficient vendor communications by automating outreach, negotiation, and logistics. The company shows strong growth momentum, aiming to scale to hundreds of corporate clients within a year and expand its global venue network to offer faster, more personalized, and exclusive deals[1][2].
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Origin Story
Founded in 2023, Nowadays was created by founders with backgrounds likely in AI, software development, and event management, who recognized the inefficiencies and stress involved in corporate event planning. The idea emerged from the need to automate repetitive, manual tasks such as emailing venues, negotiating rates, and managing logistics, which traditionally consume significant time and resources. Early traction came from demonstrating how their proprietary AI model could interact autonomously with venues, extract quotes, and negotiate concessions, proving the concept’s viability and value to corporate clients[1][2].
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Core Differentiators
- Proprietary AI Model: Unlike generic tools, Nowadays’ AI autonomously contacts venues by email and phone, extracts quotes from attachments, and negotiates rates and concessions, reducing human workload drastically[1].
- Extensive Venue Database: Integrates a continually updated global database of over 400,000 venues through partnerships with event agencies and venues, enabling broad and personalized options[1].
- Automation of Complex Tasks: Handles multi-step processes such as availability checks, negotiations, and logistics coordination, which are traditionally manual and time-consuming[1][2].
- Personalization: AI adapts to unique client preferences and budgets, offering tailored event planning experiences rather than one-size-fits-all solutions[2].
- Scalability: Designed to scale across hundreds of corporate clients, expanding its network and automating a wider variety of event planning tasks[1].
- Focus on User Experience: Enables event planners to focus on creative and strategic aspects by offloading repetitive communications and administrative tasks to AI[1][2].
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Role in the Broader Tech Landscape
Nowadays rides the wave of AI automation and digital transformation in the event management industry, a sector historically burdened by manual, fragmented workflows. The timing is critical as corporate events rebound post-pandemic, and companies seek cost-effective, scalable solutions to manage complex logistics efficiently. Market forces such as rising labor costs, demand for personalized experiences, and the proliferation of AI technologies favor platforms like Nowadays. By automating vendor interactions and negotiations, Nowadays influences the broader ecosystem by setting new standards for efficiency and personalization in event planning, encouraging adoption of AI copilots in adjacent event tech solutions[1][2][5].
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Quick Take & Future Outlook
Looking ahead, Nowadays is poised to expand its AI capabilities beyond venue sourcing and negotiations to encompass broader event planning tasks, potentially integrating real-time event optimization and attendee engagement features. Trends such as AI-driven personalization, integration with corporate calendars and communication tools, and data-driven event analytics will shape its evolution. Its influence may grow as it becomes the go-to AI assistant for corporate event planners, driving industry-wide adoption of AI copilots that augment human creativity and operational efficiency. The company’s trajectory suggests a future where corporate event planning is not only automated but also smarter, more adaptive, and deeply integrated into enterprise workflows[1][2][5].
