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[Funding alert] WA-based Avante Secures $10m in Seed Funding

WA-based Avante secures $10m in seed funding. This round was led by Bellevue WA-based FUSE, with participation from Ascend Venture Capital, Highsage and a group of strategic angel investors.

WA-based Avante secures $10m in seed funding. This round was led by Bellevue WA-based FUSE, with participation from Ascend Venture Capital, Highsage and a group of strategic angel investors.

The funding will allow Avante to accelerate its product development, engineering and data science team. Led by former OliveAI executives Rohan D’Souza and Carly Eckert, MD, Ph.D., Avante is pursuing one of the largest untapped categories in enterprise software.

Read also – VA-based Deltek Acquired ProPricer

Avante’s founding team also includes Amperity founder and former CEO Kabir Shahani as executive chair.

D’Souza, CEO and co-founder said, “We have spent the last several months talking to customers and stakeholders who would stand to benefit from what we’re doing and see a significant opportunity to improve the lives of millions, while making a massive economic impact for our customers, We are buoyed that funders including FUSE and our other investors recognize how our approach will transform an industry.”

Kellan Carter, managing director at FUSE said, “We made our decision to fund Avante for three reasons: Avante’s spot-on assessment of the issue, its technical approach and the strength and experience of Rohan D’Souza, Kabir Shahani and the early team,”.

Carter will join Avante’s board of directors. According to D’Souza, the Pacific Northwest – notably Seattle – offers a perfect amalgam of deep engineering talent and a depth of thoughtful entrepreneurship that will help Avante move quickly in bringing its product to market.

Read also – NYC-based Biotechnology Company MimiVax Secures an Undisclosed Amount of Funding

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