Riga-based , a startup that enables users to monitor their competitors using AI, has secured fresh funding in an angel round led by Change Ventures, with the participation of Fiedler Capital and local business angels. RivalSense will use the funds to enhance scalable user acquisition and integrate advanced features for deeper competitor insights. Currently, the company gathers weekly updates from over 80 sources, such as competitor websites, social media, financial filings, and business databases.
“We are thrilled to support RivalSense, having followed this highly experienced and resilient founder duo for several years,” says Andris K. Berzins, Partner at Change Ventures. “I have seen so many competitive intelligence solutions over the years.
All ended up focused on enterprises, eventually becoming non-scalable consulting businesses. The RivalSense team’s vision to target SMBs with a scalable, cost-effective solution sets them apart in this industry.” Monitor competitors of your startup Founded in 2023, RivalSense enables users to monitor their competitors using AI.
Users get a curated, weekly update featuring key competitor insights, such as pricing adjustments, product updates, new hires, regulatory concerns, customer relationships, vendor partnerships, technology stack, compliance obstacles, media coverage, and corporate documentation. RivalSense targets startup founders and senior executives in established companies for its product. Martins Vaivars and Arturs Pr.