Belgian AI Startup Claims to Automate 80% of Expert Firm Tasks
▼ Summary
– Ravical raised €7.3mn in pre-seed funding to develop AI agents for professional services firms in tax, legal, accounting, and insurance.
– The AI agents handle repetitive tasks like data retrieval and policy review, freeing experts to focus on higher-value work, according to CEO Joris Van Der Gucht.
– Van Der Gucht emphasized the AI agents won’t replace human jobs but will enhance productivity and client engagement.
– Ravical’s AI agents provide traceable and auditable outputs, ensuring compliance with professional services standards.
– The startup, founded in February 2024, plans to refine its algorithms and expand its team after successful pilot projects with firms across industries.
A Belgian AI startup has developed virtual assistants capable of handling 80% of routine tasks in professional service firms, from legal research to regulatory compliance checks, while freeing human experts for higher-value work. The company, Ravical, recently secured €7.3 million in pre-seed funding to scale its AI-powered solutions for tax, accounting, legal, and insurance sectors.
According to CEO Joris Van Der Gucht, these AI agents function like digital employees, automating repetitive processes such as data retrieval, policy analysis, and compliance monitoring—tasks that typically consume significant time. Rather than replacing professionals, the technology aims to enhance productivity by allowing experts to focus on strategic decision-making and client relationships.
Van Der Gucht emphasized that transparency and accountability are built into Ravical’s systems. Every AI-generated output is traceable and auditable, addressing critical concerns in industries where accuracy and compliance are non-negotiable. His confidence stems from prior success—he co-founded Silverfin, an accounting automation platform acquired for €320 million in 2023.
The startup, founded earlier this year alongside AI specialists Ken Bastiaensen and Benjamin Vandermarliere, has already conducted 10 pilot projects with firms across different sectors. While expansion plans remain under wraps, investors like Lakestar’s Enrico Mellis see potential in Ravical’s approach to agentic AI, a field rapidly transitioning from theoretical hype to real-world implementation.
As businesses increasingly adopt AI to streamline operations, Ravical’s proposition aligns with a broader shift toward intelligent automation in professional services. The company’s next steps include refining its algorithms and growing its team to meet rising demand.
For those interested in the future of AI, discussions on this transformative technology will take center stage at upcoming industry events, including conferences where innovators gather to explore its practical applications.
(Source: The Next Web)
