London-based startup Avnio secures 3m Funding

Avnio is popular for salesforce-native data visualisation and AI conversational assistance.

Avnio will make use of the investment, which was made exclusively by UKTN to expand to the US and to develop its marketing software.

This is Avnio’s first external funding. Avnio was founded in February 2020 by Tobias Dawes at the outbreak of the pandemic.

Software solutions developed by the startup are integrated into the Salesforce Platform. They combine artificial intelligence with distributed workflows. It automates manual sales tasks starting at the request for proposals stage and continuing through the “entire company workflow”.

Tobias Dawes is the founder and CEO at Avnio. He explained to UKTN that this can help outbound marketeers “eradicate enormous inefficiencies and bottlenecks within the B2B sale cycle” and instead focus on “enabling buyers”.

Its products include a Salesforce-native tool for data visualisation and a conversational AI assistant.

Dawes stated that he expected the capital injection to fuel the growth for the next 12 to 18 months before raising more funds.

Anvio plans to hire 60+ people in the US. Dawes stated that US expansion paperwork has been completed and that Anvio is currently hiring US employees.

Dawes said: “Our hybrid work model means that we will set up working office for employees, but keep our ‘work anywhere’ approach.”

Avnio currently has more than 30 employees in India and the UK. 

According to Avnio, its annual recurring revenue has grown by 14x and the number of customers has grown sevenfold.

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