Evara

What Evara does

Evara AI LTD. (operating as Evara) is a Vancouver-headquartered, privately held software company founded in 2023 that has built an Inferential AI platform powered by an automated Bayesian inference engine. The technology is designed to address decision-making under uncertainty by generating many simulated future scenarios and refining them against user-provided data, with an explicit design choice to operate effectively on sparse or minimal datasets by combining data with informed assumptions and priors. The product is delivered primarily as a Near Native plugin inside Microsoft Excel, allowing professionals to run probabilistic modeling directly within their existing spreadsheet workflows without adopting a new platform.

The company serves a horizontal set of use cases across finance and FP&A, supply chain, investment banking, product management, and insurance, with named applications including insurance risk profiling, sales prediction, demand planning, business valuation, and production line maintenance. Go-to-market is a hybrid product-led growth and inside-sales model: a self-serve signup and Excel plugin download for individual and SMB adoption, paired with a "Book Demo" CTA for guided enterprise evaluation. Demand generation is supported by a content-led motion, including an "Adaptive Decision Making Under Uncertainty" whitepaper and active presence on LinkedIn, X, YouTube, and a Discord community.

Revenue mechanics are subscription-based SaaS, but pricing tiers, customer counts, funding history, and revenue figures are not publicly disclosed. The organization is small (1–10 employees) and founder-led, with Andreas Munk as Founder and CEO. The company has signaled planned expansion beyond Excel into additional platform integrations, indicating an intent to broaden both product surface and addressable market.

Name

Evara

Legal name

Evara AI LTD.

Website

https://evera.ai

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Evara AI LTD. is a Vancouver-based, privately held software company that offers an Excel-delivered Inferential AI platform using automated Bayesian inference to enable probabilistic decision-making from sparse data, targeting finance, supply chain, investment banking, product management, and insurance professionals.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription: Evara operates on a subscription model accessible through their pricing page. Users can sign up and access the Excel-based inferential AI tool on a recurring basis.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Evara provides an Inferential AI platform powered by automated Bayesian inference, delivered primarily as a near-native Excel plugin. The engine creates countless possible futures and refines them to fit user data, enabling adaptive, expert- and data-informed decision-making even with minimal or sparse data. Use cases span insurance risk profiling, sales predictions, demand planning, business valuation, production line maintenance, and financial forecasting for FP&A, supply chain, investment banking, product management, and insurance professionals.

Product overview

Evara offers a single unified product delivered as an Excel plugin. The core Evara AI platform provides automated Bayesian inference capabilities accessible directly within Microsoft Excel, targeting professionals in FP&A, supply chains, investment banking, product management, and insurance. The Excel integration serves as the primary interface through which users leverage the inferential AI technology for business modeling and decision-making.

Differentiator

Problem solved

Functional benefit

Products and services

• Evara AI (Inferential AI Excel Plugin) An Inferential AI platform powered by automated Bayesian inference, delivered as a near-native Excel plugin, that creates countless possible futures and refines them to fit user data. It enables adaptive, expert- and data-informed decision-making even with minimal or sparse data, targeting finance/FP&A, supply chain, investment banking, product management, and insurance professionals for use cases such as insurance risk profiling, sales predictions, demand planning, business valuation, production line maintenance, and financial forecasting.

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Salesforce Einstein: Salesforce Einstein embeds predictive scoring and forecasting into the Salesforce CRM and analytics cloud. It is an adjacent incumbent for some of Evara's sales-forecasting and risk-profiling use cases at enterprise scale.
• C3.ai: C3.ai is an enterprise AI application platform that delivers predictive and prescriptive analytics across industries. It is a broad incumbent comparable to Evara on predictive decisioning, but with much larger scale and a different delivery model (full enterprise apps, not an Excel plugin).
• Domo: Domo is a cloud BI and analytics platform that includes predictive and forecasting capabilities for business users. It overlaps Evara on the 'analytics for non-technical operators' value prop, but as a broad BI suite rather than a sparse-data specialty tool.
• Microsoft Copilot for Excel: Microsoft's native AI features (Copilot) inside Excel are increasingly offering natural-language forecasting, formula generation, and data analysis inside the same spreadsheet environment where Evara distributes. It is a critical platform-embedded incumbent threat to Evara's distribution wedge.
• Palantir: Palantir is a broad decision intelligence and data analytics incumbent serving enterprise and government customers. It overlaps Evara in applying advanced analytics to operational decision-making, but as a multi-product platform rather than a focused Excel-delivered inferential engine.

Direct peers

• DataRobot: DataRobot provides an end-to-end predictive analytics and AutoML platform used by FP&A, risk, and supply chain teams. It competes head-to-head with Evara on the 'make advanced forecasting accessible' thesis, but at much larger enterprise scale.
• Obviously AI: Obviously AI is a no-code predictive analytics tool aimed at business users who want quick forecasts and classifications without data science expertise. It is a smaller, SMB-oriented direct peer to Evara on accessible predictive modeling.
• Tellius: Tellius is an AI-driven decision intelligence and analytics platform that combines search, AutoML, and guided insights for business users. It overlaps Evara on decision intelligence and probabilistic forecasting for non-technical analysts.
• H2O.ai: H2O.ai is an AI/ML platform offering predictive analytics and AutoML for enterprise users. It is directly comparable to Evara on the predictive-analytics core, though H2O.ai targets a much broader ML audience with deeper enterprise deployments.

Emerging players

• Weights & Biases: Weights & Biases is an MLOps platform for model development, deployment, and inference tracking. It is an emerging adjacent player where the use cases intersect at the model-serving and inference layer of Evara's stack.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/evaraai
• YouTubeyoutube.com/@EvaraAI
• LinkedInlinkedin.com/company/evera-ai

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evara