Ennoventure Raises $8.9 Million in Series A
Ennoventure, a Cambridge, MA-based AI-powered brand protection and authentication solutions provider, has raised $8.9 million Series A funding.
The round was led by Singapore's Tanglin Venture Partners, with participation from Fenice Investment Group and other SAFE investors.
Tanglin Venture Partners is a Singapore-based venture capital firm focused on high-growth companies in Southeast Asia and India. They aspire to be long-term partners to visionary entrepreneurs who take a technology-first approach to solving complex problems.
The funding will enhance its product offerings and drive its mission to provide unparalleled brand protection globally.
Founded in 2018 by Padmakumar and Shalini Nair, Ennoventure is a global SaaS company that provides AI-powered brand protection and authentication solutions. It leverages AI and cryptography to authenticate billions of product units worldwide. The company enables seamless product authentication through intelligent, connected packaging. Trusted by major brands worldwide, Ennoventure serves industries like automotive, FMCG, agrochemicals, and more. The company is headquartered in Massachusetts, with offices in Dubai and India.
Funding Details
Company: Ennoventure, Inc.
Raised: $8.9M
Round: Series A
Funding Month: November 2024
Lead Investor: Tanglin Venture Partners
Additional Investor: Fenice Investment Group
Company Website: https://ennoventure.com/
Software Category: Anti-Counterfeit Solutions