Navan

Navan (formerly TripActions) was founded in 2015 by Israeli entrepreneurs Ariel Cohen and Ilan Twig. The company is headquartered in Palo Alto, California, and maintains a substantial R&D center in Tel Aviv. Navan operates as a private company; its Series G funding round in late 2022 valued the business at approximately $9.2 billion. The company employs roughly 3,000 people globally. The core product is a unified corporate travel and expense management SaaS platform. A major milestone was the February 2023 rebranding from TripActions to Navan, a move designed to reflect the platform's expansion from a pure travel booking tool into corporate cards and automated expense software.

Navan provides a software platform that combines corporate travel booking with automated expense management (Navan Expense, previously launched as TripActions Liquid). The system replaces legacy travel agency processes by offering a consumer-grade booking interface for flights and hotels, paired with physical and virtual corporate cards. These cards automatically reconcile expenses at the point of sale, eliminating the need for employees to file manual expense reports. Revenue is generated through a combination of SaaS subscription fees and interchange fees collected from card transactions.

The company competes directly with legacy enterprise software like SAP Concur, as well as modern fintech and expense platforms such as Brex, Ramp, and TravelPerk. Navan differentiates itself by acting as a single application for both the actual travel booking and the financial backend workflows, rather than relying on third-party travel agencies or decoupled expense reporting tools.

Navan's operations in Israel are anchored by its Tel Aviv R&D center. Both co-founders are Israeli, and the local site is a primary hub for engineering. The Tel Aviv teams focus heavily on backend infrastructure, complex fintech integrations for the Navan Expense product, and applied AI features for routing, booking automation, and customer support.