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prima:Parcha, an artificial intelligence startup, raises $5 million in seed funds

The startup, founded by Puerto Rican Miguel Ríos and partner AJ Asver, develops digital agents that automate tasks and can make decisions in the regulated banking system

August 9, 2023 - 1:21 PM

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This content was published more than 1 year ago.
Miguel Ríos and AJ Asver (right) co-founded Parcha in 2023. Before that, they both worked at fintech giant Brex, which is now one of their first clients. (Suministrada)

In late July, three months after launching Parcha, an artificial intelligence (AI) company, Puerto Rican entrepreneur Miguel Ríos and his partner AJ Asver closed a $5 million seed round led by prominent Silicon Valley investors.

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