UAE-headquartered e-commerce AI startup Revora, formerly known as MyAlice, has raised a $2 million seed round co-led by i2i Ventures and Oraseya Capital, with participation from Anchorless Bangladesh, Conjunction Capital, F6 Ventures, Hi2 Global, Orbit Startups, and strategic angel investors, including Salman Butt, co-founder of Salla.
Founded in 2021 by Shuvo Rahman and Daniyal Baig, Revora develops an AI-native e-commerce operating platform that enables AI agents to automate product recommendations, recover abandoned carts, process payments within conversations, and structure merchants' product catalogues for AI-powered commerce.
Revora currently operates in more than 21 countries and says its revenue has grown 10-fold since shifting its focus to Saudi Arabia and the GCC in late 2024.
The company will use the new funding to accelerate its expansion in Saudi Arabia, its fastest-growing market, while continuing to develop its AI platform for the next generation of e-commerce.
Press release:
