Duvo raises $32 million Series A for enterprise AI expansion
Balderton leads the round as Duvo targets retail and consumer goods operations.
Duvo announced a $32 million Series A on October 14, led by Balderton Capital with participation from Index Ventures, Northzone and Credo Ventures. The round takes the company’s total funding to $48 million.
Capital will support international expansion, including US operations, starting with retailers and consumer packaged goods companies. Michael Green joins as chief commercial officer, while Spencer Insolia leads the US business.
Duvo maps operational processes and runs approved work across software companies already use. People retain decisions and exceptions, allowing the platform to automate tasks that otherwise pass between ERP systems, portals and inboxes.
Use of funds
Expand US and global operations
Grow retail and consumer packaged goods deployments