Avaali Solutions, a firm that enables digital transformation for large enterprises, will invest as much as $8 million on expanding its footprint in India, UAE and Singapore, as well as Europe, cited Livemint.
Srividya Kannan, founder- director at Avaali Solutions, said, “The company will invest $5-8 million over the next two years. Our focus is on penetrating deeper within our existing customer base, existing geographies and in expanding into Europe.”
The Bengaluru-headquartered Avaali works with enterprises to automate the unstructured content and workflows in business processes, with technologies such as Robotic Process Automation, chat-bots, machine learning (ML), artificial intelligence (AI) and information management solutions.
Digital transformation involves using current technologies to create or modify processes and strategies to help organisations meet evolving business requirements.
Kannan further added by revealing that Avaali is also looking to raise around $3 million in a Series A round.
Avaali has nearly 120 employees in Bengaluru, and at its subsidiaries in UAE and Singapore, and plans to increase its headcount to 225.
The company has invested heavily in building its Velocious framework, which uses multiple technologies to drive process transformation for clients at a faster pace, more accurately, and at lower cost.
According to Kannan, Velocious can integrate with legacy platforms and will contribute to a lot of their expansion.
“Velocious sits on top of their existing landscape, leverages what the organisation has already invested in and adds to it, to drive process transformation,” she added.