RivalSense, a Riga, Latvia-based AI startup allowing users to track their competitors with AI, raised an undisclosed amount in funding.
The round was led by Change Ventures with participation from Fiedler Capital and local business angels.
The company intends to use the funds to scale user acquisition and introduce additional AI capabilities to uncover competitor insights.
Founded by Martins Vaivars and Arturs Prieditis, RivalSense allows users to track their competitors with AI. Every week users receive an update with competitor insights, including changes in pricing, product changes, new hires, regulatory issues, clients, suppliers, tech stack, regulatory challenges, media mentions, and corporate filings. The system currently relies on more than 80 sources for their weekly updates, including competitor websites, social media accounts, financial filings, and business databases. RivalSense markets its product to founders of startups and mid-to-top level executives in more established companies.
FinSMEs
04/06/2024