Novaworks, a Silicon Valley, CA-based AI-native human capital management (HCM) operating system for the enterprise, has raised $8 million in Seed funding.
Investors
The round was led by Stalwart Ventures, with participation from ServiceNow Ventures and Bell Ventures.
Stalwart Ventures (formerly known as RevRoad Capital) is a venture capital firm based in Provo, Utah, that primarily invests in early-stage technology startups, particularly at the Seed and Series A stages. The firm manages a $61 million debut fund focused on high-growth sectors such as SaaS, AI, and fintech. Founded in 2022, Stalwart Ventures supports founders in scaling their businesses by combining funding with hands-on operational support, strategic guidance, and team-building expertise.
Novaworks Use of Funds
The company will use the funding to support product development, expand its team, and drive customer growth.
About Novaworks
Founded by Kelley Steven-Waiss and Eswar Vandanapu, Novaworks is an AI-native human capital management (HCM) operating system built for total workforce management, unifying people, AI agents, and enterprise processes within a single platform. It is designed for organizations often burdened by complex enterprise HR systems or fragmented, stitched-together point solutions. Built on ServiceNow’s infrastructure, Novaworks enables organizations to manage their entire workforce, including employees, contractors, and AI agents, through intelligent, AI-embedded workflows.
Funding Details
Company: Novaworks Inc.
Amount Raised: $8.0M
Round: Seed
Funding Date: March 2026
Lead Investor: Stalwart Ventures
Additional Investors: ServiceNow Ventures, Bell Ventures
Company Website: https://novaworks.ai/
Software Category: AI-native Human Capital Management / Workforce Management
Source: https://www.prnewswire.com/news-releases/novaworksai-launches-agentic-operating-system-for-total-workforce-management-raises-8m-seed-round-302721432.html