Avra, a São Paulo, Brazil-based startup offering AI solutions for SMEs, has raised $2 million in funding. 

Investors 

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. 

Avra Use of Funds 

The company will use the funding to expand its AI solutions for SMEs and solidify its position in the business credit technology sector.

About Avra 

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

Source: https://startupi.com.br/avra-startup-de-ia-para-pmes-levanta-us-2-milhoes/