What EVARA AI PRIVATE LIMITED does

EVARA AI PRIVATE LIMITED (operating as Evara AI; legal entity Evara AI LTD) develops an AI-powered decision-making tool that delivers automated Bayesian inference to enterprise users through a near-native Microsoft Excel plugin. The core product is a single integrated add-in that generates and refines thousands of probabilistic scenarios from user-provided data, supporting forecasting, scenario planning, uncertainty estimation, and self-improving predictions as actuals are added. The technology is described as a novel automated Bayesian inference engine aimed at solving the 'sparse data' gap in business modeling, and the company positions it for FP&A, supply chain, investment banking, insurance, and product management use cases.

The firm is founder-led by Andreas Munk and operates with a 1–10 employee footprint. Its registered office is in Vancouver, British Columbia (1055 Dunsmuir Street Suite 3000), with a presence also referenced in Bhubaneswar, India via firmographic data. There are no disclosed institutional investors, funding rounds, parent companies, acquisitions, partnerships, patents, awards, or named customers in the available sources, indicating an early-stage, founder-controlled operating profile.

Evara monetizes via subscription-based software licensing. Pricing is quote-based and not publicly disclosed; the GTM pairs a white-glove onboarding pilot that opens unlimited access to enterprise teams with a post-pilot license tailored to customer needs. Distribution combines a product-led growth motion (downloadable installer, Excel plugin, free trial at company discretion) with enterprise field sales (demo booking, personalized onboarding). Marketing reach is built through a technical whitepaper, a Discord community, and organic presence on LinkedIn, X, and YouTube, while the company has signaled intent to expand beyond Excel with additional platform integrations.

Name

EVARA AI PRIVATE LIMITED

Legal name

Evara AI LTD

Website

https://www.evara.ai

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

1–10 employees

Short description

Evara AI delivers automated Bayesian inference as a near-native Microsoft Excel plugin, enabling FP&A, supply chain, insurance, and product teams to run probabilistic forecasts and scenario planning without deep statistical expertise.

Ownership category

akta.pro rank

Product category

Predictive Analytics Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Decision Optimization & Prescriptive Analytics (OR, simulation, what‑if) (HDAAAHAI)

Keywords

• Predictive analytics software
• Bayesian inference platform
• Excel plugin software
• Scenario planning tools
• Risk modeling software

Headquarters

HQ city

Bhubaneswar

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Subscription-based Software License: The company operates on a subscription model with a white-glove onboarding pilot that provides unlimited Evara access for teams, followed by post-pilot license packages tailored to customer needs. Subscriptions are billed in advance on recurring periods (daily, weekly, monthly, or annually depending on plan selected).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Evara AI develops and sells a Microsoft Excel plugin powered by automated Bayesian inference that enables enterprise users to generate, evaluate, and continuously refine thousands of probabilistic scenarios from their existing spreadsheet data. The product delivers adaptive forecasts with explicit uncertainty estimation for use cases including sales prediction, supply chain demand planning, business valuation, insurance risk profiling, and product demand forecasting. Distribution is via direct website download and enterprise white-glove onboarding pilots that transition customers into annual subscription licenses.

Product overview

Evara AI is a single, unified Excel plugin product that brings Inferential AI (automated Bayesian inference) directly into the user's existing spreadsheet environment. There are no separate modules or sub-products named — the entire feature set (scenario planning, forecasting, intelligent insights, uncertainty estimation) is delivered as one integrated Excel add-in with a white-glove onboarding pilot followed by a post-pilot license.

Differentiator

Problem solved

Functional benefit

Products and services

• Evara AI An adaptive decision-making Excel plugin powered by automated Bayesian inference that enables enterprise users to generate, evaluate, and refine thousands of probabilistic scenarios within Microsoft Excel, delivering statistically improved forecasts with explicit uncertainty estimation for sales prediction, demand planning, business valuation, insurance risk profiling, and production line maintenance.

Quantifiable outcome

• Statistically improved decision-making compared to traditional methods
• +1 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature5 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Palantir Technologies: Palantir's Foundry and AIP platforms deliver decision intelligence and predictive analytics for enterprise customers across finance, supply chain, and insurance — directly comparable to Evara's target use cases of probabilistic forecasting, scenario planning, and risk profiling under uncertainty.
• Anaplan: Anaplan is a leading enterprise planning platform for FP&A, supply chain, and sales forecasting with scenario modeling capabilities. Evara targets overlapping personas (financial analysts, supply chain planners) with a complementary Bayesian inference approach to scenario planning.
• C3.ai: C3.ai delivers enterprise AI applications for predictive maintenance, supply chain, and financial forecasting — directly overlapping Evara's use cases (production line maintenance, demand forecasting, business valuation) with an AI-first positioning.
• Tellius: Tellius is an AI-driven decision intelligence platform that combines automated machine learning with scenario analysis and natural language querying for business analysts — a focused niche competitor in AI-powered decision intelligence directly adjacent to Evara's offering.
• Sisense: Sisense provides AI-driven analytics and embedded BI for business users, with capabilities in scenario planning and predictive forecasting. Comparable as a horizontal analytics platform serving similar enterprise analyst personas.
• Domo: Domo is a cloud-based BI and analytics platform that combines data integration, visualization, and predictive analytics for business users. It targets similar enterprise analyst personas with comparable scenario planning and forecasting capabilities.

Broad incumbents

• DataRobot: DataRobot is an established automated machine learning platform that enables enterprises to build and deploy predictive models. While broader in scope than Evara's Excel-native tool, it competes for the same enterprise predictive analytics budget.
• H2O.ai: H2O.ai provides an enterprise AI/ML platform with automated model building and deployment capabilities. Its driverless AI features and predictive modeling toolset overlap with Evara's automated Bayesian inference approach at a broader infrastructure level.
• Microsoft (Excel + Copilot): Microsoft Excel with Copilot and built-in AI features (Ideas, Forecast Sheet) is the most direct substitute for Evara's Excel-native predictive analytics. With vast distribution and bundled pricing, Microsoft represents the most significant competitive threat to Evara's channel.

Emerging players

• Aible: Aible is an enterprise AI platform focused on rapid, business-user-friendly predictive analytics with auto-generated insights and scenario analysis. Comparable as a smaller, emerging player targeting the same 'AI for business analysts' niche as Evara.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 AI PRIVATE LIMITED