Hyderabad-based AI-powered financial operations automation (FinOps) startup Bluecopa has raised $1.8 million in a pre-Series A round funds round co-led by Blume CompaniesDallas Venture Capital and Venture Catalysts.
The startup plans to use the capital raised to expand its market reach, improve AI capabilities and advance product development.
“FinOps automation is a massive opportunity globally. We are excited to partner with some of the leading VCs to drive Bluecopa’s growth. This funding will further our mission to deliver exceptional value to our customers,” said Satya Prakash Buddhavarapu, Co-Founder and CEO of Bluecopa.
Focus on AI and FinOps automation
Founded in 2021, Bluecopa has created an online platform that leverages artificial intelligence and data analytics to enable finance teams, particularly the CFO’s office, to automate and streamline their financial processes.
The startup offers a one-stop solution for modern finance teams. Its AI-powered cloud-native platform provides a unified solution for finance teams, streamlining operations and improving efficiency.
The platform is designed for industries such as e-commerce, financial services, travel, logistics and gaming, which require robust financial operations solutions.
Industry experience and strategic support
Bluecopa’s leadership team, including co-founders Nilotpal Chanda, Raghavendra Reddy and Satya Prakash Buddhavarapu, brings deep industry experience.
It is noteworthy that Buddhavarapu’s previous company, Tuplejump, a machine learning company, was acquired by Apple in 2016. The team’s expertise is seen as a major asset in delivering innovative solutions to finance teams around the world.
Investor Comments
“We are excited to back Bluecopa’s commitment to solving end-to-end financial operations challenges for businesses. The team’s deep industry expertise combined with their best-in-class product is already driving measurable results for their clients,” said Sanjay Nath, co-founder of Blume Ventures.
Gokul Dixit, Venture Partner at Dallas Venture Capital (DVC), said: “We look forward to supporting Bluecopa with our firm’s DVC Advantage program by leveraging our cross-border network of partners and advisors during its next phase of growth. With its focus on innovation and customer success, we are confident that Bluecopa will enable finance teams across industries to leverage their data more effectively to create long-term value for all stakeholders.”
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