ayora, a London, UK-based provider of an AI revenue management platform for professional services, raised £1.27M in Pre-Seed funding.
The round was led by J12, with participation from Twin Path Ventures and a group of angel investors including Farah Ballands, Roger Siddle and Abhijat Saraswat.
The company intends to use the funds to accelerate the recruitment of engineering talent to advance its product roadmap, and begin its commercial expansion starting with the BigLaw market, building on its recent partnership with major City law firm Mischon de Reya.
Co-founded by Stefan Ciesla, CEO, and Gordon McKenzie, CTO, ayora has built a solution that leverages artificial intelligence to empower professionals as revenue managers. By translating disparate data into hyper-actionable insights, ranging from pre-drafting client correspondence to budget monitoring and suggesting optimal billing schedules, the platform facilitates a data-driven decision-making process for revenue conversion. At the same time, timesheet, billing and collection datasets, alongside the observation of the day-to-day revenue management activities inside the platform generates insights for firms to optimise revenues.
FinSMEs
09/04/2024