# Virtual Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/virtual-solutions

- Industry: Software
- Headquarters: Budapest, Hungary
- Website: www.cloudstorm.io
- Latest round: Seed (Aug 22, 2018)
- Investors on record: 3

## About

Virtual Solutions Ltd provides Robotic Process Automation (RPA) solutions, enabling businesses to streamline operations and achieve sustainable growth through automation.Founded in 2016 and headquartered in Budapest, Hungary, Virtual Solutions Ltd specializes in Robotic Process Automation (RPA) services. The company has pivoted to focus on comprehensive automation solutions, facilitating operational efficiencies for its clients. It raised seed funding in August 2018 led by PortfoLion, with participation from hub:raum and the European Commission. The company has secured one investment deal to date.Virtual Solutions Ltd specializes in Robotic Process Automation (RPA) solutions aimed at enhancing operational efficiency. Its core offerings include an end-to-end RPA service that manages the entire automation lifecycle, RPA Process Discovery tools, and on-demand RPA developers. The end-to-end RPA service starts at €500 per month, providing fixed pricing for comprehensive automation needs. The RPA Process Discovery tool, Nika, identifies automation opportunities by gathering employee insights. The company primarily serves the European market, with clients such as A1 Austria and OTP Mobil.In the most recent year, 2023, Virtual Solutions Ltd reported a revenue of USD 358,982.30 and an EBITDA of USD 89,205.40. Revenue is mainly derived from subscription-based models for its RPA services, ensuring clients gain continuous value from tailored automation implementations and ongoing support agreements.Virtual Solutions Ltd plans to enhance its product offerings by developing new RPA tools and features, targeting a rollout by the end of 2024. The company aims to expand its services into new European markets, including Germany and France, within the next two years. The funding received in August 2018 will facilitate these initiatives, supporting the development of innovative products and market entry strategies.

## Funding rounds

- Seed, Aug 22, 2018 — European Commission, PortfoLion, Hubraum

## Investors

- European Commission — Seed
- PortfoLion (https://capitalatlas.ai/funds/portfolion) — Seed
- Hubraum — Seed