Skift is a technology company.
Skift has raised $1.0M across 1 funding round.
Key people at Skift.
Skift was founded by Rafat Ali (CEO/Founder).
Skift has raised $1.0M in total across 1 funding round.
Key people at Skift.
Skift was founded by Rafat Ali (CEO/Founder).
Skift has raised $1.0M in total across 1 funding round.
Skift's investors include FirstMark Capital, Menlo Ventures, TCG (The Chernin Group), Viola Ventures, Evangelos Simoudis.
Skift is a media and research company focused on the global travel industry, delivering daily news, insights, research reports, newsletters, and events for travel professionals across sectors like airlines, hotels, and tourism.[1][2][3] It generates revenue through subscriptions, branded content via its SkiftX studio, and global conferences such as the annual Skift Global Forum in New York.[1] While not a traditional technology company building software products, Skift leverages digital media tools—including its recent Ask Skift AI chatbot powered by OpenAI's ChatGPT, trained on 12 years of its content—to provide intelligent search and trend analysis.[3]
Skift was founded in July 2012 by Rafat Ali, a former computer engineer, journalist, and entrepreneur who serves as CEO, alongside co-founder Jason Clampet, previously of Frommer's and head of product.[1][3] The name "Skift," meaning "shift" or "transformation" in Nordic languages, reflects the founders' vision of covering ongoing changes in travel.[1] Launching with $500,000 in funding from investors like L. Gordon Crovitz and Craig Forman, Skift raised an additional $1.1 million in 2013 led by Lerer Ventures, enabling early growth in news, research, and events.[1] Pivotal moments include starting SkiftX for branded content (30% of revenue by 2015) and expanding conferences from the 2014 New York Global Forum to Europe (2017) and Asia (2019).[1]
Skift rides the digital transformation of travel, accelerated by post-pandemic recovery, AI integration, and sustainability demands, providing real-time intelligence amid sector shifts like experiential tourism and tech-driven personalization.[1][3] Its timing aligns with the lack of a dedicated travel "Bloomberg" in 2012, filling a gap as online platforms disrupted traditional media and travel booking.[3] Market forces favoring Skift include rising demand for data-driven decisions in a $1 trillion+ industry, AI tools like Ask Skift enabling scalable insights, and events capitalizing on in-person networking post-COVID.[2][3] By defining trends through journalism and research, Skift influences executives, startups, and incumbents, shaping strategies in tech-travel intersections like AI chatbots and global tourism tech.[3]
Skift's trajectory points to deeper AI experimentation, expanded global coverage (e.g., attractions and tourism), and new services embedding it further in travel operations.[3] Trends like AI personalization, sustainable travel tech, and hybrid virtual-physical events will propel growth, potentially evolving Skift into a full-stack intelligence platform with predictive analytics. Its influence may grow by advising on tech-travel convergence, solidifying its role as the indispensable hub for an industry in constant skift.
Skift has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in May 2013.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2013 | $1.0M Seed | FirstMark Capital, Menlo Ventures, TCG (The Chernin Group), Viola Ventures, Evangelos Simoudis |