Tomáš Čupr bags $32m for Duvo, an AI platform born from challenges he encountered while building Rohlik
Duvo, an automation platform that gives teams an AI workforce for their day-to-day operations, has announced a $32 million Series A led by Balderton Capital, with participation from existing investors Index Ventures, Northzone and Credo Ventures. The round brings its total funding to $48 million and will fund its expansion, starting with retailers and CPG companies.
Michael Green is also joining from Databricks as Senior Vice President, Go-to-Market. He previously served as a Senior Vice President at Salesforce. Spencer Insolia recently came onboard as Managing Director, US. He was previously President at Kmart and a Managing Director at Accenture. Christoph Schwaiger, former CEO at Aldi South Holdings, has also signed on as Senior Advisor for Europe.
"For a while I measured AI in heads, counting how many people an agent could replace. It's the wrong unit," says Tomáš Čupr, Co-founder and CEO at Duvo and Founder and Group CEO at 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 claims to have unlocked over $100 million+ for its clients, across finance, supply chain, commercial, customer care, marketing and HR. At Notino, a European 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," saus Gordon MacPherson, Group Productivity Director at 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," comments 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."
"We're starting in the US with retailers and consumer goods companies, because that's the work we know best," says Čupr. "But the processes we start with, like freight and invoice audit, aren't unique to retail."
2026 RTIH Innovation Awards
AI will be a key focus area at the 2026 RTIH Innovation Awards.
The awards, which celebrate global retail technology innovation in a fast moving omnichannel world, have now closed for entries. Our winners will be revealed at the 2026 RTIH Innovation Awards Ceremony, taking place at The HAC in Central London on Wednesday, 4th November.
Check out our 2026 shortlists and finalists here.
We received a record number of entries this year and many fantastic examples of technology excellence driving transformative change across the global retail sector.
Congratulations to all those who made it through the initial submission process! It’s now over to our star studded judging panel who will decide the winners to be announced at the 2026 RTIH Innovation Awards Ceremony, taking place at The HAC in Central London.
The event will be held on Wednesday, 4th November and consist of a drinks reception, three course meal, awards ceremony presided over by award winning stand-up comedian, presenter, actor and broadcaster, Aurie Styla, and after party until 1am.
Click here to book your place at the 2026 RTIH Innovation Awards Ceremony on Wednesday, 4th November.
