Funding

[Funding alert] Hungary-based Startup Flawless Secures $2.2 Mn in Seed Funding

Sep 28, 2023 | By Startuprise

Flawless, AI-powered observability & incident management platform for marketplace & ecommerce companies, has raised $2.2 mn in a Seed funding round.
Zoltan Patai, Co-founder & CEO at Flawless

Flawless, AI-powered observability & incident management platform for marketplace & ecommerce companies, has raised $2.2 mn in a Seed funding round.

Picus Capital, a previous investor, as well as new investors Dreamcraft Ventures and Oktogon Ventures joined the round, which was led by 42CAP.

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Flawless co-founder and CEO Zoltán Patai said, "Operational data has become increasingly abundant in recent years, yet its full potential has often gone untapped. We believe AI is the game-changer here. "AI already is at the core of various features within Flawless, empowering our customers to discover and leverage the data they need, all without requiring technical expertise or additional support."

The investment will help the company with its plans to expand into new markets around the world.

Read also - [Funding alert] Brussels-based Proptech Startup Izix Raises €3 Mn Series A Funding

For marketplace and e-commerce companies, Flawless is an AI-powered observability and incident management platform.

The $2.2 million Seed round's announcement coincides with the company's addition of Wolfgang Wörner, the former CEO and co-founder of B2B software as a service supply-chain platform Sixfold, as a new co-founder, reported by tech.eu.

Read also - [Funding alert] Nord Security Raises $100 Mn funding at a $3 Bn valuation

About Flawless

Through custom charting, automated monitoring and alerting, and collaborative incident management, the platform enables businesses to quickly and easily integrate their operational data. founded by former employees of Google, Delivery Hero, OLX, and McKinsey with financial support from Picus Capital.

As a result, Flawless makes operations automated and data-driven, which helps to increase efficiency and profitability.

Read also - [Funding alert] London-based Fintech Startup Apron Raises $15M Series A Funding

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