Saudi-based Revora, an AI-native operating platform for e-commerce merchants, has raised $2 million in a Seed funding round. The investment brings the company’s total funding to $2.5 million.
Quick Facts
- Funding: $2 Million Seed Round
- Total Raised: $2.5 Million to Date
- Lead Investors: i2i Ventures & Oraseya Capital
- Focus: KSA Expansion & Product Development
Fueling KSA Expansion and Product Growth
The round was co-led by i2i Ventures and Oraseya Capital, with participation from Anchorless Bangladesh, Conjunction Capital, F6 Ventures, Hi2 Global, Orbit Startups, and several angel investors.
According to the founders, the new capital will primarily be used to support Revora’s expansion within Saudi Arabia and to accelerate the development of its product suite. The company, founded in 2021 by Shuvo Rahman and Daniyal Baig, was previously known as MyAlice before rebranding to reflect its focus on becoming a comprehensive AI-powered platform.
An AI Engine for Sales and Support
Revora provides online merchants with a unified platform built around an “AI revenue engine” that integrates sales, customer support, and marketing automation. Its AI agents operate across various channels, including WhatsApp, Instagram, and the merchants’ own websites.
The platform’s functions include managing customer inquiries, recommending products, recovering abandoned shopping carts, processing sales, and building customer loyalty. Revora currently serves over 500 merchants, with a client list that includes prominent names like Jarir Bookstore, NICE, and BMW Motorrad. The company reports that merchants using its platform have seen revenue increases between 15% and 20%.
“Revora has built a product that cuts through the noise surrounding AI by delivering tangible value and demonstrating significant potential for scale,” said Kalsoom Lakhani, Co-founder and General Partner at i2i Ventures.
The funding arrives as the adoption of AI in the retail sector gains momentum. A report by Technavio projects the AI in e-commerce market to grow by $26.8 billion between 2024 and 2029.
“E-commerce is and will remain an early adopter of AI,” noted Omar Khan, Partner at Oraseya Capital.
About Revora
Founded in 2021 by Shuvo Rahman and Daniyal Baig, Revora is an AI-native e-commerce operating platform based in Saudi Arabia. It offers merchants a single platform to automate sales, customer support, and marketing using AI agents that interact with customers across digital channels like WhatsApp and Instagram.
Source: Jawlah
