Duvo raises $32M Series A led by Balderton

Duvo, an enterprise AI operating system founded by Rohlik's Tomas Cupr, raised a $32 million Series A led by Balderton Capital, with existing investors Index Ventures, Northzone and Credo Ventures participating. The round comes about 10 months after a $15 million seed round and brings total funding to $48 million. Duvo says the money will fund US expansion, initially targeting retailers and consumer packaged goods companies, with most of the new investment going to sales, marketing and partnerships. The company says initial processes can be running within weeks without heavy engineering work, and that it is available to US customers through Microsoft's Azure Marketplace. Duvo has not disclosed its valuation, revenue or annual recurring revenue. It employs around 70 people.

AI-generated from reports · 2 days agoUpdate