Avo

Company Overview

Snapshot

Founded in March 2017 by Dekel Valtzer, Idan Hersko, and Nir Smadar, Avo operates with 51–200 employees. The company has raised $45 million across three funding rounds from nine investors, with Insight Partners leading a September 2021 Series B round. Avo ceased operations in August 2024.

Business overview

Avo provides an AI-powered platform designed to enhance operations for sales, finance, marketing, and HR teams. Its core technology leverages artificial intelligence to automate tasks such as data entry, lead generation, customer relationship management, deal tracking, and expense management. The platform aims to improve efficiency and support data-driven decision-making for businesses, serving enterprises, SMBs, and various commerce and retail sectors.

Strategic signal

In May 2022, Avo announced significant operational restructuring, including closing its business operations in Israel and reducing its U.S. activities, alongside laying off 500 employees. This indicates a major strategic pivot and contraction for the company, signaling to investors a challenging period of restructuring and a shift in its operational footprint.

Company Intelligence Q&A

What was the most recent funding event for Avo?

Insight Partners led this round, which also saw participation from Israeli Mapped in.

What significant operational changes did Avo undergo in 2022?

In May 2022, Avo announced the closure of its business operations in Israel and a reduction in its U.S. activities. This restructuring included the layoff of 500 employees.

When did Avo cease to operate?

Avo ceased to operate in August 2024.

Who were the co-founders of Avo?

Avo was co-founded by Dekel Valtzer, Idan Hersko, and Nir Smadar.

What was the company's status as of August 2024?

As of August 2024, Avo's status is Non Active, having ceased to operate.