Prime Unicorn Index component TripActions is now known as Navan, Inc. According to the press release, this rebrand marks the next stage in the company’s evolution as it defines a new category of software: Business Software Designed for People.
Besides changing its name, Navan will combine TripActions’s travel, corporate card, and expense solutions into a single super app, which can be used by any traveler with a company email. In addition, Navan has integrated OpenAI’s API into its virtual travel assistant, Ava, which it claims makes it the first travel company to use this technology.
The new application is ready to use at the time of writing. Its website has moved to navan.com, and its Twitter also reflects the rebranding (@Navan). Navan (FKA: TripActions) is a component of the Prime Unicorn Index and has a valuation of nearly $9B. Its most recent investment was on 10/12/22, when it raised $354M from Coatue Management and Premji Invest.