Avora, a London, UK-based enterprise analytics platform powered by native machine learning technology, secured $6.5m (£5.1m) in Series A funding.
The round was led by Albion VC, Crane VC, and angel investors including Dr Steve Garnett and Stephen Kelly.
The company will use the funds to expand its leadership and sales teams, launch in the US market and continue to evolve its technology by enhancing its in-platform machine learning algorithms.
Led by CEO British serial entrepreneur Ricky Thomas, Avora provides a next-generation data intelligence solution with embedded AI and machine learning. The system consolidates data from hundreds of sources and delivers accelerated time to insight for all business users. Its embedded machine learning automatically detects anomalies and trends across the entire data set, alerting stakeholders to key changes in business performance in real-time. The platform also identifies the root cause of any anomalies, allowing users to react immediately to any issue, taking proactive action to benefit the business.
Avora is already working with Telefonica, OMD, NPR, HBO LatAm and Ocado, among others.