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The next time you ask a question at a touchscreen kiosk, the answer could come from a digital character that speaks back—powered by technology from a Limassol company.
RAVATAR, which develops AI avatars capable of holding spoken conversations in real time, says it is seeking outside investment to accelerate its growth after funding the business itself.
The company has not announced a completed funding round, a valuation, or a newly signed investor. Its fundraising plans and account of its progress come from management.
The platform allows businesses to offer speaking digital characters through websites, kiosks, and private computing environments. According to the company, reported uses include financial guidance and healthcare information.
In everyday terms, the idea is to let someone ask a question aloud and receive a spoken response from an on-screen character, rather than search through menus or type into a chat window.
The usefulness of that experience depends on more than a convincing face or voice. Particularly with money and health, the quality and accuracy of the information matter.
A Cyprus base, an overseas market
RAVATAR says most of its customers are outside Cyprus. Its search for investors highlights a familiar challenge for businesses on a small island: finding the resources to grow in much larger markets.
For Cyprus, companies selling technology abroad offer a potential route to more skilled work and business income from overseas. RAVATAR’s fundraising plans do not, however, include a disclosed commitment to new local jobs.
The company also highlighted its availability through Google Cloud Marketplace, giving businesses another way to access its platform.
It pointed to Intel-enabled capabilities that allow some functions to run directly on a device, including the potential for deployment without an internet connection. That could be useful where connectivity is limited, although offline operation was presented as a possibility rather than a feature confirmed across every deployment.
For now, RAVATAR’s next step is to turn investor interest into funding. The company is seeking backing to grow; how much it will raise and from whom remains undisclosed.
