Adviisa has raised £425,000 from UK angel investors to develop its business information platform, expand its team and bring more advisers and customers onto the service.
The Cambridge technology company has also appointed Russell Gould as founding chief executive. Its platform is designed to connect documents, data, professional advice and the reasoning behind business decisions so that information remains available as companies grow or change advisers.
Businesses often store records across email, shared drives, accounting systems, customer platforms and external advisers. Finding an individual document may be relatively straightforward, but reconstructing why a decision was taken or what advice sat behind it can require several people to piece together records created at different times.
The problem becomes more visible during funding rounds, transactions, regulatory reviews and management changes. Due diligence frequently involves rebuilding historic information for advisers or investors, while incoming executives may inherit decisions without the context that originally informed them.
Adviisa is positioning its platform as a retained corporate memory rather than another document store. Information can be organised around projects, engagements and decisions so that records remain connected to their original context.
The company has also begun incorporating artificial intelligence into the product. Its current tools include document extraction and search functions intended to make information easier to retrieve within defined access permissions.
Those capabilities depend heavily on the quality of the underlying records. AI can retrieve and summarise information more effectively when documents and data have been organised consistently. Fragmented or incomplete records still produce gaps regardless of the model used to query them.
The £425,000 round is modest compared with larger venture investments, making deployment of the capital particularly important. Adviisa plans to use the funding for product development, recruitment and wider adoption among businesses and professional advisers.
Professional services can be difficult territory for new software because accountants, lawyers and advisers already work across established document, practice management and customer systems. A new platform needs to improve access to information without creating another isolated source that staff must maintain separately.
Adviisa is currently accepting pilot applications as it develops the commercial market around the product. Gould’s appointment gives the business a dedicated chief executive while the founding team moves from product development towards wider customer acquisition.
The funding provides enough capital to test whether companies will pay specifically to preserve decision history and business context, rather than rely on document management and search functions already included in existing software.
You must be logged in to post a comment.