AI-powered Startup 'Bluecopa' earns $1.8 million in Pre-Series A
A platform that automates the financial operations using artificial intelligence - AI, Bluecopa, declared that it has raised $1.8 million in a Pre-Series A funding round. The company stated that the capital will be utilized to enhance product development, expand its market reach, and enhance AI potential.
Venture Catalysts, Blume Ventures, and Dallas Venture Capital led the funding round.
The company was founded in the year 2021 and provides teams with financial operations (FinOps) solutions through automation and data intelligence.
Bluecopa serves the sectors such as financial products and services, gaming and sports, travel, logistics, supply chain and e-commerce sectors.
Responding to this exclusive funding round, Satya Prakash Buddhavarapu, Co-Founder and Chief Executive Officer (CEO), Bluecopa says, “FinOps automation is a massive opportunity globally. We are excited to partner with some of the leading VCs to drive Bluecopa’s growth. This funding will fuel our mission to deliver exceptional value to our customers”.
Similarly, Sanjay Nath, co-founder, Blume Ventures, “We are excited to support Bluecopa’s commitment to solving end-to-end finance operations challenges for enterprises. The team’s deep industry expertise combined with their best-in-class product is already delivering measurable outcomes for their customers”.
Gokul Dixit, Venture Partner, Dallas Venture Capital - DVC, notes, “We look forward to supporting Bluecopa with our firm’s DVC Advantage program by leveraging our cross-border Partner and Advisor network during its next phase of growth. With its focus on innovation and customer success, we are confident that Bluecopa will enable finance teams across industries and leverage their data more effectively to create long-term value for all stakeholders.”
Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu launched the business; earlier, they created the tax management platform Optotax. Open, a neobanking platform, bought the company.
The multinational computer behemoth Apple purchased Buddhavarapu's machine learning startup Tuplejump in the year 2016.
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Venture Catalysts, Blume Ventures, and Dallas Venture Capital led the funding round.
The company was founded in the year 2021 and provides teams with financial operations (FinOps) solutions through automation and data intelligence.
Bluecopa serves the sectors such as financial products and services, gaming and sports, travel, logistics, supply chain and e-commerce sectors.
Responding to this exclusive funding round, Satya Prakash Buddhavarapu, Co-Founder and Chief Executive Officer (CEO), Bluecopa says, “FinOps automation is a massive opportunity globally. We are excited to partner with some of the leading VCs to drive Bluecopa’s growth. This funding will fuel our mission to deliver exceptional value to our customers”.
Similarly, Sanjay Nath, co-founder, Blume Ventures, “We are excited to support Bluecopa’s commitment to solving end-to-end finance operations challenges for enterprises. The team’s deep industry expertise combined with their best-in-class product is already delivering measurable outcomes for their customers”.
Gokul Dixit, Venture Partner, Dallas Venture Capital - DVC, notes, “We look forward to supporting Bluecopa with our firm’s DVC Advantage program by leveraging our cross-border Partner and Advisor network during its next phase of growth. With its focus on innovation and customer success, we are confident that Bluecopa will enable finance teams across industries and leverage their data more effectively to create long-term value for all stakeholders.”
Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu launched the business; earlier, they created the tax management platform Optotax. Open, a neobanking platform, bought the company.
The multinational computer behemoth Apple purchased Buddhavarapu's machine learning startup Tuplejump in the year 2016.
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