About Avaamo
Avaamo is a company based in Los Altos (United States) founded in 2014 by Sriram Chakravarthy and Ram Menon.. Avaamo has raised $22.57 million across 5 funding rounds from investors including Ericsson, Wipro and WI Harper Group. The company has 111 employees as of April 08, 2024. Avaamo offers products and services including Contact Center AI, Healthcare Agents, and Workplace Agents. Avaamo operates in a competitive market with competitors including Twilio, Freshworks, Dialpad, Sprinklr and Gupshup, among others.
- Headquarter Los Altos, United States
- Employees 111 as on 08 Apr, 2024
- Founders Sriram Chakravarthy, Ram Menon
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Avaamo Technologies Private Limited
- Date of Incorporation 25 Jun, 2014
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$3.18 M (USD)20.06as on Mar 31, 2023
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Net Profit
$367.1 K (USD)3.18as on Mar 31, 2023
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EBITDA
$549.46 K (USD)3.94as on Mar 31, 2023
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Total Equity Funding
$22.57 M (USD)
in 5 rounds
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Latest Funding Round
$7 M (USD), Debt – Conventional
Aug 02, 2021
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Investors
Ericsson
& 10 more
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Employee Count
111
as on Apr 08, 2024
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Products & Services of Avaamo
Avaamo offers a comprehensive portfolio of products and services, including Contact Center AI, Healthcare Agents, and Workplace Agents. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates inbound and outbound calls for enterprises.
Facilitates patient engagement and query resolution.
Supports employee interactions and task automation.
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Funding Insights of Avaamo
Avaamo has successfully raised a total of $22.57M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $7 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $7.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Debt – Conventional - Avaamo | Valuation |
investors |
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| May, 2018 | Amount | Series A - Avaamo | Valuation | Intel Capital | |
| Mar, 2018 | Amount | Seed - Avaamo | Valuation | Wipro |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avaamo
Avaamo has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Ericsson, Wipro and WI Harper Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm backed by Mahindra group
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Founded Year | Domain | Location | |
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VC firm that does investment in early stage companies in the US & China
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Founded Year | Domain | Location | |
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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avaamo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avaamo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avaamo Comparisons
Competitors of Avaamo
Avaamo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Twilio, Freshworks, Dialpad, Sprinklr and Gupshup, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based omnichannel communication and customer engagement platform is utilized.
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| domain | founded_year | HQ Location |
Cloud-based business process management suite solutions are delivered.
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Cloud-based customer experience management software is provided for brands.
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| domain | founded_year | HQ Location |
Tools for customer engagement across multiple channels are provided.
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| domain | founded_year | HQ Location |
Conversational AI platform is provided for digital customer experiences.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avaamo
Frequently Asked Questions about Avaamo
When was Avaamo founded?
Avaamo was founded in 2014.
Where is Avaamo located?
Avaamo is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
Who is the current CEO of Avaamo?
Ram Menon is the current CEO of Avaamo. They have also founded this company.
Is Avaamo a funded company?
Avaamo is a funded company, having raised a total of $22.57M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.02M, raised on Jun 01, 2014.
How many employees does Avaamo have?
As of Apr 08, 2024, the latest employee count at Avaamo is 111.
What is the annual revenue of Avaamo?
Annual revenue of Avaamo is $3.18M as on Mar 31, 2023.
What does Avaamo do?
Avaamo was founded in 2014 and is based in Los Altos, United States. A platform for conversational AI is offered to enterprises, supporting the design and deployment of omnichannel intelligent assistants. Applications span sectors such as banking, insurance, telecommunications, retail, manufacturing, and healthcare. Multi-turn responses to complex, domain-specific customer queries are automated using training data.
Who are the top competitors of Avaamo?
Avaamo's top competitors include Twilio, Freshworks and Dialpad.
What products or services does Avaamo offer?
Avaamo offers Contact Center AI, Healthcare Agents, and Workplace Agents.
Who are Avaamo's investors?
Avaamo has 11 investors. Key investors include Ericsson, Wipro, WI Harper Group, Liquidity, and Mahindra Partners.
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