The Spanish company is the latest startup building AI agents to raise funding as of late

Duvo raises $32 million Series A to become the one platform enterprises run their operations on. Oct 14, 2026, 09:00 ET Led by Balderton Capital, the round funds Duvo's U.S. expansion. Its Enterprise Execution OS lets people and AI agents run processes together across the systems a company already has, starting with retail and consumer goods. NEW YORK and LONDON, Oct. 14, 2026 /PRNewswire/ - Duvo today announced a $32 million Series A led by Balderton Capital, with participation from existing investors Index Ventures, Northzone and Credo Ventures. The round brings Duvo's total funding to $48 million and will fund its expansion, starting with retailers and CPG companies. Two executives lead the expansion. Michael Green joins from Databricks as Chief Commercial Officer. He previously served as a Senior Vice President at Salesforce. Spencer Insolia recently joined as Managing Director, U.S. He was previously President of Kmart and a Managing Director at Accenture. Duvo is the Enterprise Execution OS: one platform where a company's operations run, with governed processes and clear user approvals. Duvo is built so that AI in operations doesn't stop at the pilot. Every process a company adds runs on the same connections, the same approval rules and the same record of results, instead of becoming another standalone project. The platform works the same way for every process. Duvo Clarity captures how the work really runs, through AI-led discovery interviews with the people who do it, screen recordings and existing documents. Duvo's agents then run the approved steps across ERPs, supplier portals, spreadsheets and inboxes, through APIs where they exist and through the same screens people use where they don't. That's why Duvo can be live in weeks with the first process without a small army of engineers or a major systems integration project. Decisions and exceptions go to the person who owns them, and operating cockpits show what is waiting for a decision and what the process delivered. Most companies run on systems that don't talk to each other, and the manual work in those gaps is where value leaks. Duvo runs that work on one platform and recovers the value. Gartner projects spending on business orchestration and automation technologies will exceed $21 billion by 2029, as enterprises consolidate fragmented automation tools onto a single platform. But turning that into operational results is proving hard. Gartner predicts that more than 40% of agentic AI projects will be canceled by the end of 2027 because of escalating costs, unclear business value or inadequate risk controls. In a separate survey of 350 executives at companies with $1 billion or more in revenue, Gartner found that those reporting higher returns from AI agents and automation had cut staff about as often as those with modest or negative results. "For a while I measured AI in heads, counting how many people an agent could replace. It's the wrong unit," said Tomáš Čupr, co-founder and CEO of Duvo and founder and Group CEO of Rohlik Group. "At Rohlik, the gains I'd point to came from work nobody had the hours for. Our planners used to check about eight at-risk products a day per market for shortages. Now every signal gets checked, around the clock. We think of it as raising the GDP of every employee: more value from the people a company has, not the same value from fewer of them." Duvo has unlocked over $100m+ for its clients, across finance, supply chain, commercial, customer care, marketing and HR. At Notino, Europe's largest online beauty retailer, those results span finance, customer care and marketing. Its quarterly reconciliation of about $45 million a year in supplier bonuses went from 70 days to 15, and from around 120 specialist hours per cycle to under 10. "Our business processes have evolved over decades, and Duvo gives us a way to understand them in detail, and quickly," said Gordon MacPherson, Group Productivity Director at U.K. supermarket chain Morrisons. "It means decisions about which repetitive everyday tasks to simplify, redesign and automate can be based on evidence rather than assumptions. That gives us a much clearer path from identifying AI opportunities to putting them into operation, freeing up our people to concentrate on high-value work for the benefit of colleagues and customers." "Getting AI agents to work reliably across the enterprise remains incredibly difficult," said Rob Moffat, Partner at Balderton Capital. "Duvo's unique ability is in how it uses AI to capture how work actually happens in the enterprise and what the causes of loss are. Duvo then automates these processes in the same integrated system. This is only possible with the deep operational experience of the founder Tomáš who previously founded three companies including Rohlik, the leading online grocer. Feedback from customers and consultancy partners is off the charts positive. We are looking forward to supporting Tomáš and team as they build the global leader in this segment." Duvo is model-agnostic, so the AI underneath can change without rebuilding the processes on top of it. Companies with stricter security or sovereignty requirements can run open-weight models on dedicated GPUs, connect a model in their own cloud or on-premises, or use an AI endpoint they already approve. Every approval and every change written back to a company's systems is recorded. Duvo is SOC 2 Type II, ISO 27001 and ISO 42001 certified, and U.S. companies can buy it through Microsoft's Azure Marketplace. "Our clients don't need more AI pilots. They need operations that actually change," said Jan Hejtmánek, Partner and AI Institute Leader at Deloitte Central Europe. "Through our alliance with Duvo, we combine Deloitte's transformation expertise with an Enterprise Execution OS that maps how processes really work and then runs them, with people in control." "I've spent half my career as a retail operator and half as a consultant, and the same gap showed up from both sides: the insight was there, the execution rarely followed. Duvo closes that gap, and that's why I'm here," said Spencer Insolia, Managing Director, U.S. at Duvo. "We're starting in the U.S. with retailers and consumer goods companies, because that's the work we know best," said Čupr. "But the processes we start with, like freight and invoice audit, aren't unique to retail." Christoph Schwaiger, former CEO at ALDI SÜD Holding, has also joined as Senior Advisor. U.S. companies can start with one process, such as freight audit or payables audit, or with a free process map. About Duvo Duvo is the Enterprise Execution OS: one platform where a company's people and AI agents run its operations, process by process. Duvo captures how work actually happens, runs it across the ERPs, supplier portals and legacy applications a company already uses, and shows every team what it delivered, with people approving the decisions that need judgment. Its mission is raising the GDP of every employee. Founded in 2025 by the team behind Rohlik Group, Duvo has almost 60 employees and works with companies including Morrisons, Holland & Barrett, Boden, Notino and Allegro, and is backed by Balderton Capital, Index Ventures, Northzone and Credo Ventures. Learn more at duvo.ai. About Balderton Capital Balderton Capital is a multistage venture firm with more than 25 years of experience supporting Europe's best founders from Seed to IPO. We have both early and growth funds and invest across the technology sector, with a proven track record backing AI, fintech, B2B SaaS, digital health, mobility, gaming and marketplace companies. Previous investments include Darktrace, Depop, Dream Games, Flywire, Kobalt, MySQL, Nutmeg, Peakon, Recorded Future, Talend and THG. Balderton's current portfolio includes: Aircall, Contentful, Cleo, Fuse, GoCardless (Mollie), Lendable, Matillion, Photoroom, Primer, Proxima Fusion, Quantum Systems, Revolut, The Exploration Company, Tibber, Wayve, Writer and ZOE. https://www.balderton.com/. SOURCE Duvo