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Avarra raised $8M in a Series A funding round led by Lightspeed Venture Partners to launch an AI-based avatar sales training application.

Oct 03, 202411 months ago

Amount Raised

$8 Million

Round Type

series a

San MateoMachine LearningArtificial IntelligenceInformation TechnologySoftware

Investors

John W. ThompsonFirsthand AllianceGtm FundLightspeed Venture Partners

Description

Avarra has raised $8 million to develop its first AI-avatar-based enterprise application aimed at training sales professionals. The funding, led by Lightspeed Venture Partners, will enhance Avarra's simulation platform, leveraging AI to provide in-depth coaching for sales teams.

Company Information

Company

Avarra

Location

San Mateo, California, United States

About

At Avarra we believe that the emergence and convergence of large-language models and 3d-avatar technologies is going to enable an entirely new generation of enterprise applications. In a world where we have a fully interactive, human-like interface backed by powerful AI, truly revolutionary applications are possible.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers