# Farrago

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/farrago

- Industry: Software
- Headquarters: Wellington, New Zealand
- Website: www.farrago.ai
- Total disclosed funding: $0.5M
- Latest round: Seed (May 31, 2019)
- Investors on record: 1

## About

Farrago Limited is an innovative tech company that specializes in providing advanced artificial intelligence solutions designed to optimize business operations and enhance decision-making processes for its clients.Founded in 2019 in Wellington, New Zealand, Farrago Limited focuses on developing AI-based tools for businesses. The company raised NZD 0.75 million in a Seed funding round on May 31, 2019, led by WNT Ventures. The firm has completed one deal to date. The company's CEO is Asa Cox, with Abdulaziz Aldhafeeri as the founder and Quentin Perdriau as a key figure in the leadership team.Farrago Limited primarily offers AI-driven solutions that enable businesses to improve efficiency and make data-informed decisions. Their services include software that integrates seamlessly into existing business processes, allowing clients to leverage data analytics and machine learning for strategic growth. The products cater to a diverse clientele, including startups and larger enterprises, focused on enhancing operational capabilities through technology.Farrago Limited generates revenue through its subscription-based AI services, which typically involve a payment structure based on the level of service and usage. Clients subscribe to various tiers based on their needs, ensuring a steady revenue stream aligned with the firm's offerings in artificial intelligence and data analytics.Farrago Limited plans to expand its product line by launching new AI tools aimed at specific industries by the end of 2023. The company is also targeting expansion into the North American market, with efforts to establish a presence there by mid-2024. The recent Seed funding of NZD 0.75 million will be utilized to enhance product development and support marketing strategies for these initiatives.

## Funding rounds

- Seed, May 31, 2019, $0.5M — WNT Ventures

## Investors

- WNT Ventures (https://capitalatlas.ai/funds/wnt-ventures) — Seed