Ayora, a revenue management platform, has announced securing $1.6 million in a Pre-Seed round to drive the development and adoption of its AI-powered revenue decision-making platform.
Founded in 2022, Ayora aims to address the revenue leakage experienced by legal professionals globally, estimated at up to 20% annually due to inadequate revenue management practices. The company’s platform offers the world’s first AI-powered solution designed to assist busy professionals in optimizing revenue decision-making processes and streamlining associated tasks.
Traditional revenue management tasks in legal firms, such as fee decisioning, project management, and cross-selling, often rely on labor-intensive methods and lack adequate technological support. Ayora’s platform seeks to bridge this gap by translating disparate data into actionable insights, enabling professionals to enhance client work efficiency while minimizing revenue leakage.
The funding round, led by J12 with participation from Twin Path Ventures and a group of prominent angel investors, including industry veterans Farah Ballands, Roger Siddle, and Abhijat Saraswat, signifies confidence in Ayora’s innovative approach to revenue management.
Stefan Ciesla, co-founder and CEO of Ayora, emphasized the value proposition of leveraging AI to automate manual revenue management tasks while empowering professionals with actionable insights derived from historical data.
Bo Mattsson, Partner at J12, expressed enthusiasm for backing Ayora, citing the company’s unique technology that drives continuous revenue improvement within law firms. Ayora’s platform not only provides personalized insights but also generates rich metadata to enhance future decision-making processes, fostering a cycle of revenue growth.
With the new capital infusion, Ayora plans to accelerate its engineering recruitment efforts and commence commercial expansion, starting with the BigLaw market. The company aims to leverage its recent partnership with major City law firm Mishcon de Reya as a springboard for market penetration and adoption.
