# Kavida Technologies ESOP

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kavida-technologies-esop

- Industry: Software
- Headquarters: London, UK
- Website: www.kavida.ai
- Total disclosed funding: $1.1M
- Latest round: Seed (Aug 8, 2023)
- Investors on record: 2

## About

Kavida Technologies ESOP Ltd. is an innovative provider of AI-driven procurement solutions designed to enhance operational efficiency and collaboration for manufacturers through its advanced platform, Agent PO.Kavida Technologies ESOP Ltd. specializes in AI-driven procurement solutions, founded in 2020 and headquartered in London, UK. Co-founders Anam Rahman and Sumit Sinha lead the company, which has secured funding through two deals. In August 2023, Kavida raised GBP 900,000 in a Seed funding round led by QIMA Limited, with participation from Redbus and individual investors. The total amount raised to date is GBP 900,000.Kavida.ai specializes in providing advanced AI-driven procurement solutions through its flagship product, Agent PO. This platform automates key procurement processes, including order confirmations, revisions, three-way matching, and shipment tracking, ultimately enhancing efficiency and collaboration between production planners and procurement teams. Agent PO addresses critical challenges faced by manufacturers, such as communication bottlenecks and inventory management issues, by offering real-time alerts and insights into order status, supplier performance, and inbound planning. The platform serves a diverse clientele across multiple industries, including aerospace, automotive, electronics, and construction, enabling organizations to optimize their supply chains and reduce operational risks. Kavida's products are marketed primarily in North America, Europe, and Asia, targeting enterprises looking to leverage AI to streamline procurement and production workflows.Kavida.ai generates revenue through a subscription-based model for its Agent PO platform, catering primarily to business-to-business (B2B) clients in the manufacturing sector. Clients engage with the platform through tiered subscription plans that provide varying levels of access to features such as automated order management, supplier risk tracking, and performance analytics. These plans are designed to accommodate businesses of different sizes and operational complexities, ensuring flexibility and scalability in procurement functions. Typical transactions occur as companies subscribe to the service based on their specific needs, enabling them to integrate Agent PO into their existing enterprise resource planning (ERP) systems. The revenue structure is further supported by the company's commitment to enhancing supplier relationship management and operational efficiency for its clients, fostering long-term partnerships that drive value in procurement operations.Kavida Technologies plans to leverage the recent Seed funding of GBP 900,000 raised in August 2023 to enhance its platform by developing a new product called Kavida Copilot, which will involve hiring additional employees and strengthening its team of data scientists. The company aims to expand its market presence in North America and Europe by the end of 2024, focusing on businesses looking to adopt advanced AI solutions for their procurement processes.

## Funding rounds

- Seed, Aug 8, 2023, $1.1M — Redbus, QIMA Limited

## Investors

- Redbus (https://capitalatlas.ai/funds/redbus) — Seed
- QIMA Limited — Seed