Avolta acted as the sole financial advisor to Deepomatic on its €10m Series B round. This round of financing involved EnBW and Orbia Ventures as new investors and Hi-Inov, Swisscom Ventures and Alven as historical investors who continue to support the company.
Deepomatic is a visual automation platform that enables field operation companies to turn workers’ smartphone camera footage into actionable insights. Its intuitive SaaS platform assists field service workers thanks to the automatic detection of any key aspect on the field. The company has processed millions of operations in the past 12 months for its large account clients in the telco and utilities verticals. Thanks to its unique technology, it has been demonstrated that the solution delivers over 50x ROI to its clients.
This Series B will mainly enable the company to consolidate its sales strategy and pursue its growth trajectory. This fundraising will provide Deepomatic with the resources to boost its track record in telco and target new verticals within field operations such as utilities, hospitality and insurance. Also, the focus of this fundraising is to fuel its traction abroad, which has already been kickstarted in the past months.
This transaction is a further testament to Avolta’s expertise in AI/data, with major deals completed over the past few years, having previously advised Opendatasoft, Unseelabs, Lumi THD, Recast.ai, Golem.ai, Qarnot Computing, etc.