RivalSense funding news – Market Intelligence Platform RivalSense Secures an Angel Round Investment

With RivalSense, customers may monitor the following: the pricing, product updates, regulatory hurdles, new hires, clients, suppliers, tech stack, regulatory issues, media mentions, and corporate filings of their competitors. Competitive websites, social media profiles, financial filings, and company databases are examples of intelligence sources.

Read also - Synthara funding news – Semiconductor Innovator Synthara Secures €10.5 Million in Funding

Two Techstars alumni, Martins Vaivars and Arturs Prieditis, who are serial entrepreneurs, founded the company. Together, they have founded multiple machine learning startups. Vaivars, an Oxford University alum, was previously employed by Infogram, a business that specialised in data visualisation. On the other hand, Prieditis, a graduate of Cambridge University, held engineering positions at Qualcomm and HP Autonomy.

Prieditis said, “In the first week after launch our user noticed in an insight that one of their fiercest competitors has silently removed a key client logo from their website. The user immediately sent this to their sales team. In the next week, the same user saw an insight of how a senior engineer of his competitor has ended his employment term on Linkedin, indicating he is ready to be approached with a job offer, That was a big “Aha” moment for us. We realised that what we are doing with these insights provides a lot of value.”

Vaivars added: “We are obsessive readers of tech and politics newsletters, and it made sense that a beautiful weekly e-mail or Slack update is the right way to deliver competitor insights. Executives and founders are extremely busy people, and the last thing they need is another app or platform to log into. The recent advances in AI enable us to not only notice competitor events but also to evaluate their business significance and deliver insights rather than a random list of keyword links.”

Andris K. Berzins, Partner at Change Ventures said, “We are thrilled to support RivalSense, having followed this highly experienced and resilient founder duo for several years, I have seen so many competitive intelligence solutions over the years. All ended up focused on enterprises, eventually becoming non-scalable consulting businesses. The RivalSense team's vision to target SMBs with a scalable, cost-effective solution sets them apart in this industry.”

About RivalSense AI

RivalSense AI gathers competition data pertinent to your company model by connecting to more than 80 public sources. RivalSense: a tool to get weekly information about your rivals that have been carefully chosen! They just included a Learn section as part of their goal to save time for time-pressed startup owners, corporate executives, and independent hackers.