Duvo $32M Series A: Balderton Bets on Enterprise Agent Execution

Duvo, a startup building an "Enterprise Execution OS" where people and AI agents run business processes together, has raised $32 million in Series A financing, according to a company announcement reported by PR Newswire. The Duvo $32M Series A was led by Balderton Capital, with participation from existing investors Index Ventures, Northzone and Credo Ventures, bringing the company's total funding to $48 million.

The announcement, dated October 14, 2026, positions the capital for an expansion into the United States, initially targeting retailers and consumer packaged goods companies. The Duvo $32M Series A also funds a strengthened leadership bench: Michael Green joins from Databricks as Chief Commercial Officer after serving as a Senior Vice President at Salesforce, while Spencer Insolia, formerly President of Kmart and a Managing Director at Accenture, recently came onboard as Managing Director for the U.S. Former ALDI SÜD Holding CEO Christoph Schwaiger signed on as Senior Advisor for Europe.

The human API problem

Duvo was founded in 2025 by Tomáš Čupr, the founder of online grocer Rohlik Group, alongside his former head of AI at Rohlik, according to a profile published by PathFounders. The origin story is rooted in Čupr's attempt to introduce AI agents into Rohlik's operations: the effort stalled because so much operational knowledge was never documented anywhere.

Čupr told PathFounders that companies frequently do not understand their own processes, and that employees function as a sort of human API, carrying knowledge in their heads that no system can query. That interview framed Duvo's bet as twofold: target large enterprises with a new approach to AI automation, and also address the management consultancies that advise them, since the process-discovery work traditionally done by firms such as McKinsey and Deloitte can cost millions and take months. According to Čupr, Duvo compresses that work into weeks before automating the resulting processes.

The same philosophy surfaced in reporting by RetailWit: Čupr reportedly argued that measuring AI in terms of headcount was the wrong unit, because at Rohlik the gains worth pointing to came from work nobody had the hours for. Rohlik's planners used to check about eight at-risk products per day per market for shortages; under the new approach, every signal gets checked around the clock. The framing is raising the GDP of every employee — more value from the people a company has, not the same value from fewer of them.

How the Enterprise Execution OS works

According to the announcement carried by PR Newswire, the Duvo $32M Series A backs a platform designed so that AI in operations does not stop at the pilot stage. Every process a company adds runs on the same connections, approval rules and record of results instead of becoming another standalone automation project.

The platform follows the same pattern for each process, as described by Balderton Capital. Duvo Clarity captures how work really runs through AI-led discovery interviews with the people who do it, plus screen recordings and existing documents. Duvo's agents then execute the approved steps across ERPs, supplier portals, spreadsheets and inboxes — using APIs where they exist and interacting with the same screens people use where they do not. The company says it can go live with a first process within weeks, without a small army of engineers or a major systems integration project.

Governance sits at the center of the pitch. According to Pulse2's coverage of the Duvo $32M Series A, decisions and exceptions go to the person who owns them, while operating dashboards show what is waiting for a decision and what each process has delivered. That control layer is aimed squarely at the enterprise buyers who have watched agent pilots proliferate without reaching production.

Early traction and the road ahead

Duvo claims to have unlocked more than $100 million for its clients across finance, supply chain, commercial, customer care, marketing and HR, according to reporting by RetailWit. At Notino, a European online beauty retailer, the company points to a quarterly reconciliation of roughly $45 million a year in supplier bonuses that went from 70 days to 15, and from about 120 specialist hours per cycle to under 10.

The investor view, as articulated by Balderton partner Rob Moffat in Balderton's announcement, is that getting AI agents to work reliably across the enterprise remains extremely difficult, and that Duvo's advantage lies in capturing how work actually happens and automating it within one integrated system — an edge the firm attributes to Čupr's deep operational experience building Rohlik.

The Duvo $32M Series A lands in a crowded field for enterprise agent platforms, but the "process-first" angle — interview the workers, map the work, then automate — gives Duvo a distinctive wedge between the pure-play agent builders and the consultancies it hopes to compress. Whether the Enterprise Execution OS can hold the middle will depend on how fast retail and CPG buyers adopt governed agents in 2027.