Aviso, a Mountain View, CA-based provider of a solution for executives to make decisions to manage revenue assets, mitigate risk, and refine forecasts, secured $8m in Series A funding.
Backers included Shasta Ventures, First Round Capital, Cowboy Ventures, Bloomberg Beta, Subrah Iyar, founder and CEO of WebEx, Roger Sippl, founder and CEO of Informix and Vantive, Dave Hersh, founding CEO of Jive Software and Ron Gill, CFO of NetSuite.
Co-founded in 2012 by K. V. Rao and Dr. Andrew Abrahams, Aviso provides a cloud application bringing together machine learning and the mathematics of portfolio management for enterprises to allow CEOs, CFOs, and other executives to make critical revenue decisions. It uses data feeds from a company’s CRM, ERP, custom datasources, and real-time market signals, without requiring spreadsheets, custom coding, or data scientists to give executives:
– Objective projections for all revenue streams (sales, services, renewals, etc);
– Calculations of expected revenue realization versus internal forecasts and actuals;
– Interactive and drill down capabilities to perform ‘What if’ scenario analyses; and
– Risk scores to forecast, price, discount, and value revenue assets appropriately.
After two years of product development working with early adopters RingCentral (RNG), Saba Software (SABA), FireEye (FEYE), Damballa, Replicon, and Zuora, the company is now officially launching.