Mexico-based startup Stori announced today that it has completed a $32.5 million Series A funding round, led by Azevedotech Ventures. The investment will go a long way towards helping the company grow its operations, expand into new markets and continue developing advanced technology solutions.
Stori is an AI-powered real-time data streaming platform that delivers smart solutions to fuel growth, innovation opportunities and competitive edge of business organizations. It is a comprehensive suite of services, applications, and platforms. It also provides analytical tools, machine learning and artificial intelligence (AI) capabilities. Other features that Stori offers include personalized insights into customer behavior, fast delivery of data, cloud-based storage and more.
The Series A funding round was led by Azevedotech Ventures, the venture arm of Azevedotech, a Brazilian-based think tank with a global presence. This funding round marks the first time that Azevedotech Ventures has made an investment in a startup based outside of Brazil. According to Azevedotech Ventures CEO, Ricardo Teixeira, the decision to invest in Stori was easy. “We are convinced that the Stori team is a truly talented team and that this technology will revolutionize the way businesses operate,” he stated.
The funding will enable Stori to expand its platform, build new products and applications, and further develop analytics and software solutions better tailored to customer needs. According to Stori CEO, Diego Sampaio, “We are committed to providing solutions that will enable our clients to increase their efficiency and competitiveness. We believe that this new technology is the future of business and that it will revolutionize the way organizations operate.”
Stori is part of Mexico’s vibrant tech startup ecosystem and has received the backing of the Mexican government and other investors. The company has received support from startup incubator and accelerator, Numa Mexico. Additionally, the Mexican organization behind the AngelMex platform, AngelMex Capital Fund, is one of Stori’s shareholders. According to Germán Peñaloza, AngelMex Capital Funds’ CEO, “We are thrilled to be part of such a promising tech startup that is helping to make Mexico’s tech industry more competitive.”
Conclusion
Mexico-based tech startup Stori is poised to revolutionize the way business operate with its AI-powered real-time data streaming platform. With the completion of its impressive $32.5 million Series A funding round, led by Azevedotech Ventures, Stori will have the resources to expand its platform and develop new products, applications, analytics and software solutions. As the Mexican government continues to invest in the country’s startup ecosystem, and with strong support from investors such as AngelMex Capital Funds, there is no doubt that Stori will remain a major player in the tech industry.
Answer: Stori is an AI-powered real-time data streaming platform that delivers smart solutions to fuel growth, innovation opportunities and competitive edge of business organizations.
Answer: Azevedotech Ventures, the venture arm of Brazilian-based Azevedotech, led Stori’s $32.5 million Series A funding round.
Answer: Stori provides personalized insights into customer behavior, fast delivery of data, cloud-based storage, analytical tools, machine learning and artificial intelligence (AI) capabilities.
Answer: Stori is part of Mexico’s vibrant tech startup ecosystem and has received the backing of the Mexican government and other investors such as Numa Mexico and AngelMex Capital Fund.
Answer: The investment will enable Stori to expand its platform, build new products and applications, and further develop analytics and software solutions better tailored to customer needs.
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