Avantos Partners with Guardian, Secures $25M

- Avantos is actively hiring for roles like Senior Fullstack Software Engineer in NYC with a salary range of $150k - $200k, and their tech stack includes Go, Typescript, React, Postgres, and AWS. - The company was co-founded by Bassam Chaptini, a former McKinsey partner, and Rabih Ramadi, a former KPMG senior partner, who aim to solve the problem of fragmented and inefficient client onboarding in financial services. - Bessemer Venture Partners, the lead investor, has a strong focus on AI, cloud, and fintech, with a portfolio that includes major companies like Shopify, LinkedIn, and Twilio. - The New York City fintech and AI scene is a rapidly growing hub, with AI-related job roles growing 39% from January 2023-2024, surpassing San Francisco's 25% growth. - NYC's unique advantage in the fintech and AI space is its high concentration of potential enterprise customers, including major financial institutions, which provides a rich environment for B2B startups like Avantos. - For engineers considering a similar path, there are numerous stories of developers successfully building and selling SaaS side projects while maintaining full-time employment, with some achieving exits of over $15,000 for projects built in a few weeks. - Venture capitalists in NYC are heavily funding enterprise AI over consumer AI, with a focus on companies that can demonstrate revenue and real customer deployments. The average AI seed round in NYC is between $2.5M and $4M. - An individual who transitioned from a traditional insurance company to an insurtech startup noted that the key advantages of the startup environment were the ability to address real customer problems without the constraints of legacy systems and a culture of continuous product iteration based on customer feedback.