Navikenz, a New Jersey-based Artificial Intelligence (AI) consulting startup, raised $4 million in seed funding.
The round was led by investors including Sudip Nandy, former CEO of Aricent, and Sekar PRC, former CEO of Hexaware.
The capital will be used to expand and strengthen its position in India. Navikenz will also use the fund to hire a team of 100 high-end tech professionals, across India and the US.
Company: Navikenz Inc.
Raised: $4.0M
Round: Seed Round
Funding Month: April 2022
Lead Investors: Sudip Nandy
Additional Investors:
Company Website: https://navikenz.com/
Software Category: Artificial Intelligence (AI) consulting
About the Company: Founded in 2021 by the former president of IT services at Mindtree and former CEO of BirlaSoft Anjan Lahiri, Navikenz is an Artificial Intelligence (AI) focused IT Services company that helps Enterprises discover and implement Artificial Intelligence enabled solutions to improve business processes and supplant human effort with human intuition. Navikenz enables organizations to implement AI solutions to improve business processes. The startup aims to become a major player in the IT services space in the next five years. The startup currently works with clients in life sciences and discrete manufacturing sectors in the US and India, some of which are Fortune 100 companies. Navikenz's mission is to help transform businesses through purpose-driven adoption of digital technologies and humane application of AI capabilities to discover & create distinctly new possibilities for their customers.
Source: https://inc42.com/buzz/ai-startup-navikenz-secures-4-mn-in-seed-funding-to-expand-in-india-the-us/