Engineers Launch AI Startup Avoca After Discovering Market Need at Texas Conference
Tyson Chen and Apurva Shrivastava founded Avoca, an AI startup focused on enhancing communication for home service businesses, after realizing the potential impact of missed calls in the HVAC industry. The company has raised over $125 million in funding and is valued at $1 billion, serving more than 800 customers in sectors like HVAC, plumbing, and electrical services.
Tyson Chen and Apurva Shrivastava initially aimed to develop an AI system for restaurants but pivoted to the HVAC industry after meeting Rescue Air at a Texas conference.
They spent three months creating a tailored product for Rescue Air, which helped them secure initial customers for their startup, Avoca.
Avoca specializes in AI agents that assist home service businesses with inbound calls, scheduling, and dispatching, and has grown to over 800 customers.
The company has raised more than $125 million across three funding rounds, achieving a valuation of $1 billion.
The HVAC industry is projected to be worth between $50 billion and $75 billion by 2032, highlighting the growth potential in the home services sector.
Avoca aims to bridge the gap between Silicon Valley and essential service businesses that have been overlooked by tech investors.