Avra Raises $2 Million in Funding
Avra, a São Paulo, Brazil-based startup offering AI solutions for SMEs, has raised $2 million in funding.
The round was led by MAYA Capital, with participation from Norte Ventures and Sequoia Scout.
Founded in 2018, MAYA Capital is a venture capital investment firm based in São Paulo, Brazil. The firm prefers to invest in technology sector companies based in Latin America.
The company will use the funding to expand its AI solutions for SMEs and solidify its position in the business credit technology sector.
Founded by Viviane Meister and Bruno Alano, Avra provides an AI analytics platform designed to transform business data into actionable intelligence. The company uses artificial intelligence to revolutionize risk analysis for small and medium-sized enterprises (SMEs), offering solutions such as advanced credit scoring and lifetime value (LTV) prediction. Avra already serves two large companies and is in the testing phase with six others. Its products are based on a foundational AI model that analyzes multimodal data to understand the economic behavior of 60 million Brazilian companies.
Funding Details
Company: Bloom Technology Ltd.
Raised: $2.0M
Round: Unknown
Funding Month: July 2024
Lead Investors: MAYA Capital
Additional Investors: Norte Ventures, Sequoia Scout
Company Website: https://avra.com.br/
Software Category: Credit Management and Risk Analysis