Ennoventure, an AI-powered brand protection and authentication solutions provider, has raised $8.9 million in its Series A funding round led by Tanglin Venture Partners, a Singapore-based venture capital firm.
The round also included participation from existing investors, including Fenice Investment Group and additional SAFE investors.
The newly raised funds will be used to scale operations globally, strengthening its footprint in the USA, UAE, India, and beyond.
“We are excited to welcome Tanglin Venture Partners at this pivotal stage of our journey. This investment will enhance our product offerings and drive our mission to provide unparalleled brand protection globally,” said Ahmad Chatila, Chairman of Ennoventure.
“Securing this investment is a significant milestone in our journey to become the go-to partner for brands looking to protect their products and reputations. With the support of our investors, we are well-positioned to lead the charge in delivering innovative, AI-powered solutions that empower brands to stay ahead of the curve in a fast-evolving market,” said Padmakumar Nair, CEO and Founder of Ennoventure.
“Ennoventure is addressing a critical market need with its unique, process-agnostic brand protection technology. We are proud to partner with Ennoventure as they continue to disrupt the market and provide brands with the tools they need to combat counterfeiting and safeguard consumer trust,” said Sankalp Gupta, Partner at Tanglin.
Founded in 2018 by Padmakumar Nair and Shalini V Nair, Ennoventure provides brand protection through its patented invisible signature powered by AI and cryptography.
Ennoventure enables brands and consumers by authenticating product packages and transforming them into intelligent, connected packaging. The company’s platform seamlessly integrates with existing packaging processes, offering secure and scalable solutions for companies facing increasing threats from counterfeit goods.
Ennoventure technology can be used across industries, including automotive and industrial spare parts, FMCG, agrochemicals, and more. Ennoventure, is headquartered in Massachusetts and has offices in Dubai and India.
