November 12, 2024
Ennoventure, a Massachusetts-based provider of AI-powered brand protection solutions, has closed an $8.9 million Series A funding round. The investment was led by Tanglin Venture Partners, a venture capital firm from Singapore, with support from returning investors such as Fenice Investment Group and additional SAFE investors. The new capital will be used to expand Ennoventure's operations and enhance its technology offerings for global brand protection.
The company’s platform uses invisible signature technology, integrated into product packaging, to authenticate goods and prevent counterfeiting. By applying artificial intelligence and cryptography, Ennoventure helps businesses protect their products in real-time across industries like FMCG, automotive, and industrial parts. This technology is designed to integrate easily into existing packaging processes, requiring no additional infrastructure investment from companies.
Ennoventure plans to scale its global presence, with a focus on markets in the United States, UAE, India, and other regions. The company aims to further develop its platform to meet the growing demand for secure, scalable solutions that address the global challenge of counterfeiting.
About Ennoventure, Inc.
Ennoventure, Inc. is a software-as-a-service (SaaS) company based in Massachusetts that specializes in AI-driven brand protection. Through its patented invisible signature technology, Ennoventure enables businesses to verify product authenticity using AI and cryptography. The company operates globally, offering solutions to industries such as FMCG, automotive, and agrochemicals. Ennoventure’s technology is integrated directly into product packaging and does not require process changes or significant capital investment.
Website: https://ennoventure.com/
X: @ennoventure
About Investors
Tanglin Venture Partners
Tanglin Venture Partners is a venture capital firm focusing on high-growth companies in Southeast Asia and India. The firm partners with entrepreneurs developing technology-first solutions to address complex market challenges.
Location: Singapore
Website: https://www.tanglinvp.com/
Fenice Investment Group
Fenice Investment Group is a global venture capital firm founded in 2017, with investments spanning sectors such as clean energy and technology. Fenice supports high-potential companies on their path to becoming industry leaders.
Location: California
Website: http://feniceinvest.lu/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments