AI-for-SMEs Avra raises $2M

Brazilian AI-for-SMEs platform Avra raised $2M in a round led by MAYA Capital. Norte Ventures and Sequoia Scout also participated in the funding. 

With the funds, Avra will expand its offering of AI solutions to help SMEs boost sales and improve their credit risk analysis.

“Avra transforms data into intelligence for SMEs with AI. Our model identifies purchasing patterns and connects them to economic factors, enhancing risk and opportunity predictions,” said Bruno Alano, Avra’s Co-founder.

Founded by Viviane Meister and Bruno Alano, a former OpenAI researcher, Avra gained increased visibility with Nubank’s acquisition of Hyperplane. The platform also offers audience segmentation, a product it competed most directly with Hyperplane.

Avra currently serves two large companies and is in the testing phase with six others. 

Read more on: Startupi.