Notice ( Notice Com) today announced that it has received $8M in Series A funding from Shasta Ventures; First Round Capital; Cowboy Ventures; Bloomberg Beta; Subrah Iyar, founder and CEO of WebEx; Roger Sippl, founder and CEO of Informix and Vantive; Dave Hersh, founder and CEO of Jive Software; and Ron Gill, CFO of NetSuite. This investment marks the official launch of the company after two years of product development working with early adopters: RingCentral (RNG), Saba Software (SABA), FireEye (FEYE), Damballa, Replican and Zuora.
Aviso brings advanced portfolio management principles to business executives who make critical revenue decisions. Aviso has been co-founded by K. V: V Dr. and Rao Now, Andrew Abrahams K, K V: V He is the co-founder of Zuora and has previously been JPMorgan Chase’s senior risk management officer, leading the development of mathematical and computational models for derivatives, credit activities, economic capital and risk analysis over the course of 15 years at that institution.
Current Tools Don’t Help Executives Measure Risk to Avoid Missing Revenue
Despite the large pool of data generated by enterprise CRM and ERP systems, CEOs, CFOs and other revenue managers do not have the right tools to make critical revenue decisions on risk, resource allocation and pricing. Instead, they rely on a host of spreadsheets and subjective judgments that result in failed revenue projections and forecasts that do not fully recognize risks and upside potential and are not properly adjusted for current pipelines, the environment and resources.
Almost every day companies announce the loss of revenue, creating a host of subsequent problems: investor and board skepticism, job losses, negative employee morale, and changes in company strategy. Based on data from Zacks, more than $50B of market capitalization was lost in the last quarter due to surprises in revenue.
Total Revenue Intelligence: Insights on all types of revenue streams in an organization
Aviso delivers a multi-tenant cloud application that combines machine learning and portfolio management mathematics for businesses to achieve Total Revenue Intelligence Using data feeds from the company’s CRM, ERP, custom data sources, and real-time market signals, without requiring spreadsheets, custom coding, or data scientists, Aviso provides:
Objective projections of all revenue streams (sales, services, renewals, etc. );;
Calculation of expected revenue from internal and actual projections;
Interactive and drill down capabilities to perform ‘What if’ scenario analysis;
Risk scores for forecasting, price, discount, and value-added assets
‘Total Revenue Intelligence will solve one of the most important issues facing both private and public companies today – making reliable forecasts across all revenue streams,’ said Jason Pressman, Managing Director at Shasta Ventures. ‘Aviso has a unique opportunity to transform decision-making in the boardroom and across all company operations. ”
‘Today, executives need to understand the risks in their revenue projections so that they can allocate resources appropriately to meet their revenue targets,’ said K. V: V Rao, co-founder and chief executive officer of Aviso ‘We are pioneering a new approach to help each executive make better decisions that will lead to improved and predictable revenue growth. ”
‘Aviso’s approach to understanding and assessing risk and return across all of its revenue streams using the sophistication of financial portfolio management is novel,’ said Denis Pombriant of Beagle Research. ‘Total Revenue Intelligence has the potential to disrupt the way companies use data to make revenue-related decisions and avoid future revenue failures. ”
Industry Executives Attestation to Aviso’s Total Revenue Intelligence Vision
Shawn Farshchi, President and Chief Executive Officer of Saba Software
‘Maximizing predictability in our pipeline will help us prioritize high potential opportunities, support our growth targets and deliver shareholder value. Total Revenue Intelligence can change the way executives use data to make critical decisions. ”
Dave Berman, President of the RingCentral
‘Total Revenue Intelligence solves one of the biggest challenges that every fast-growing company faces—how to make the right decisions to grow and work to exceed revenue expectations. ”
Tyler Sloat, Chief Financial Officer of Zuora
‘In today’s data-driven world, it is crucial to be accurate, predictable and take risk-weighted decisions to drive an organization’s revenue growth. Aviso’s approach to Total Revenue Intelligence helps bring sales and finance together ”
About the Notice
Aviso is transforming the way in which executives make decisions to manage revenue assets, mitigate risk, and refine forecasts. Aviso’s Total Revenue Intelligence cloud applications use advanced machine learning algorithms and portfolio management frameworks to generate scenarios, predict outcomes and understand risks, enabling CEOs, CFOs and all revenue managers to make better decisions that drive revenue growth. Founded in 2012 and headquartered in Mountain View, Aviso’s investors are Shasta Ventures, First Round Capital, Cowboy Ventures and Bloomberg Beta. Visit
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Aviso/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co
