Avoma, a Palo Alto-California-based leading provider of a Meeting Lifecycle Assistant, announced it raised $12 million in Series A funding.
The round was led by Headline, with participation from Storm Ventures, Global Founder Capital, the Zoom Apps Fund, Operator Partners, Industry Ventures, along with its existing investors, K9 Ventures, Dragon Capital, and Twin Ventures.
This Series A funding will enable Avoma to quadruple its 15-person team in the next 12 months across North America and India to support the strong customer demand.
Company: Avoma, Inc.
Round: Series A
Funding Month: December 2021
Lead Investors: Headline
Additional Investors: Storm Ventures, Global Founder Capital, the Zoom Apps Fund, Operator Partners, Industry Ventures, K9 Ventures, Dragon Capital, and Twin Ventures
Company Website: https://www.avoma.com/
Software Category: all-in-one AI Meeting Assistant, Collaboration, and Intelligence platform
About the Company: Founded in 2017, Avoma offers a comprehensive AI meeting assistant that automates important tasks throughout a meeting's lifecycle, including preparing agendas, transcribing meetings, summarizing notes, and providing actionable coaching insights for all meeting participants. Avoma's vision is to provide the most comprehensive AI assistant for a meeting’s lifecycle so you can automate low-value repetitive tasks like taking notes and entering data into CRM, and augment high-value tasks, like having effective conversations.