ARIA New Technologies Fund invests in Livespace
A special purpose vehicle of ARIA New Technology Non-Public Assets Closed-End Fund (CEF) signed an investment agreement with Livespace yesterday. The company has developed a Customer Relationship Management (CRM) software that automates sales process and tells managers what steps to take to improve the results, and thus speeds up their workflow up to ten times.
The capital will allow Livespace to fund further development of their sales automation technology, focusing on advanced reporting and integration systems, as well as machine learning and artificial intelligence. The latter undeniably is the future of the IT industry – alongside the Internet of things, virtual and augmented reality. According to Gartner, by 2020, the global artificial intelligence market will reach $ 5 billion. “We’ve been following market trends closely and hence took interest in Livespace,” says Dariusz Lewandowski, ARIA Fund president. “Livespace offers software solution which not only improves communication with customers, but also analyses sales processes and suggests what actions to take in order to achieve best results. The vision of AI based product development is a bull’s eye,” Lewandowski adds. “Funding aside, Livespace will also receive full support from our experts in law, finance and marketing. Together with Livespace team they will continue to grow the buisness on all a/b levels,” says Lewandowski. “We want every company to achieve predictable and scalable revenue. That’s why we’ve created a CRM software that enables our sales teams to streamline and automate sales process, and with artificial intelligence they will achieve much better results,” says Michał Skurowski, CEO of Livespace. “Funding provided by ARIA New Technology Fund will enable us to create world’s best B2B sales management tool for small and medium-sized businesses. This, in turn, will strengthen our position as the leader in the CRM market in Poland and accelerate foreign expansion,” emphasises Skurowski. Back