# NAORIS funding: rounds and investors

> NAORIS has raised $12M across 1 round since 2022. Investors include MassChallenge, Draper Associates and Expert Dojo. Every round with its source.

Source: https://millionrounds.com/company/naoris (Millionrounds; every figure on the page links to its filing or article)

Portugal · [Series A startup](https://millionrounds.com/companies)

# Who invested in *NAORIS*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI

Funding summary Updated 26 Oct 2026

**$12M** raised across 1 round since 2022, from 1 source

- **Latest round:** Series A, $12M Jul 2022
- **Investors:** 4

See who backed them

## The rounds

- **Jul 2022** Series A **$12M** [MassChallenge](https://millionrounds.com/fund/masschallenge) [Draper Associates](https://millionrounds.com/fund/draper-associates) [Expert Dojo](https://millionrounds.com/fund/expert-dojo) [CORFO](https://millionrounds.com/fund/corfo) Source recorded

## Founders and team

From NAORIS's own website: 2 founders, 2 on the team.

**David Carvalho** Founder, CEO & Chief Scientist

**Youssef El Maddarsi** Co-Founder & Chief Business Officer

- **David Holtzman** Chief Strategy Officer
- **Magnus Fyhr** Chief Financial Officer

Advisers *Smart Infrastructure*

## Everyone who backed them

[MassChallenge](https://millionrounds.com/fund/masschallenge) Accelerator **1** round

[Draper Associates](https://millionrounds.com/fund/draper-associates) VC firm **1** round

[Expert Dojo](https://millionrounds.com/fund/expert-dojo) Accelerator **1** round

[CORFO](https://millionrounds.com/fund/corfo) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=naoris).

## Quick answers about NAORIS

### Who invested in NAORIS?

NAORIS's investors include MassChallenge, Draper Associates, Expert Dojo and CORFO.

### How much has NAORIS raised?

NAORIS has raised $12M across 1 round since 2022.

### When did NAORIS last raise?

NAORIS's most recent round was a Series A of $12M in Jul 2022.

### What was NAORIS's biggest round?

Its most recent round, $12M in Jul 2022, is also its largest on record.

### Who backed NAORIS first?

NAORIS's first round on record, in Jul 2022, was backed by MassChallenge, Draper Associates and Expert Dojo and 1 others.

### What stage is NAORIS at?

NAORIS's latest named round is a Series A, in Jul 2022.

### Where is NAORIS based?

NAORIS is based in Portugal.

## Companies like NAORIS

In the same sector, and raised in the last eighteen months.

[**Intuitivo** $58K · Oct 2026](https://millionrounds.com/company/intuitivo)[**Beyond Vision** $31M · Oct 2026](https://millionrounds.com/company/beyond-vision)[**DOJO AI** $6.0M · Apr 2026](https://millionrounds.com/company/dojo-ai)[**CiaoDott** $1.7M · Mar 2026](https://millionrounds.com/company/ciaodott)[**Sybilion** $4.2M · Mar 2026](https://millionrounds.com/company/sybilion)[**Agentifai** Aug 2025](https://millionrounds.com/company/agentifai)

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