RivalSense Raises Funding to Enhance AI-Powered Competitive Intelligence Platform
RivalSense empowers founders of startups and executives in established companies with the tools to maintain a competitive edge by providing comprehensive, AI-driven insights into their competitors' activities.
Company Name: RivalSense
Location: Riga, Latvia
Sector: Technology, Artificial Intelligence
Funding Details: Received an undisclosed amount of funding in a round led by Change Ventures, with participation from Fiedler Capital and local business angels.
Purpose of Investment: To scale user acquisition and enhance the platform with additional AI capabilities to uncover in-depth competitor insights.
Leadership: Founded by Martins Vaivars and Arturs Prieditis.
Product: RivalSense offers an AI-powered platform that enables users to systematically track and analyze their competitors. The platform provides weekly updates that include detailed insights on competitors’ pricing strategies, product changes, new hires, regulatory issues, client and supplier activities, technology stack updates, media mentions, and corporate filings. It sources information from over 80 different data points, including competitor websites, social media accounts, financial filings, and business databases.
About Company: RivalSense empowers founders of startups and executives in established companies with the tools to maintain a competitive edge by providing comprehensive, AI-driven insights into their competitors' activities. This intelligence allows companies to strategically adjust their operations and marketing strategies in response to market changes and competitor movements.
Impact: With the new funding, RivalSense plans to expand its customer base and incorporate more sophisticated AI tools into its platform. This will enable even deeper analysis and more timely insights, helping users make informed strategic decisions quickly.