a year ago

ayora Raises $1.6M to Revolutionize Revenue Management for Legal Professionals

  • ayora, a revenue management platform that utilizes AI to improve revenue decision-making for busy professionals, has secured $1.6 million in a Pre-Seed funding round

  • Founded in 2022, ayora addresses the issue of revenue loss in the legal profession due to inefficient revenue management practices

  • The platform analyzes various data sources to provide actionable insights for optimizing revenue, including pre-drafting client correspondence, budget monitoring, and suggesting optimal billing schedules

  • The funding will be used to accelerate engineering recruitment and commercial expansion, starting with the BigLaw market, following a recent partnership with Mischon de Reya.

      • ProblemLegal Services

      "Lawyers waste valuable time on manual tasks like analysing work-in-progress (WIP) lists, scope tracking, budget monitoring, and client communication. This leads to lost revenue and inefficiency in law firms."

      Solution

      "Ayora's AI-powered platform automates revenue management tasks and provides actionable insights to help law firms improve revenue decision-making and optimize revenue generation. It analyzes time and billing data to identify opportunities for improvement and helps lawyers focus on client work."

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