Ennoventure, Inc., an AI-powered provider of brand protection and product authentication solutions, has raised $8.9 million in a Series A funding round. This round was led by Tanglin Venture Partners, a venture capital firm based in Singapore, and included support from existing investors like Fenice Investment Group and other SAFE investors.
Ahmad Chatila, Chairman of Ennoventure, expressed enthusiasm about this new investment. “We are excited to welcome Tanglin Venture Partners at this important stage in our journey,” Chatila said. He added that the funding would help enhance Ennoventure’s product offerings and support their mission to deliver top-quality brand protection solutions around the world.
About Ennoventure
Ennoventure, Inc. is a global SaaS startup that focuses on brand protection and uses AI and cryptography to create its patented, invisible digital signatures. These solutions help brands and consumers verify product authenticity directly on the package without requiring changes in the manufacturing process or additional investment. The technology empowers packaging to become smart and connected, making it easy for consumers to confirm the authenticity of products.
The recent funding will support Ennoventure’s global expansion. The company is looking to strengthen its presence in key markets, including the USA, UAE, and India, and continue expanding to other regions. Ennoventure’s technology is process-agnostic, allowing it to integrate seamlessly with existing packaging systems, making it an attractive solution for brands looking to combat counterfeiting.
Investor Confidence
Sankalp Gupta, Partner at Tanglin Venture Partners, noted the importance of Ennoventure’s technology. “Ennoventure is addressing a major need in the market with its innovative brand protection solutions,” Gupta said. He also mentioned that Tanglin is proud to support Ennoventure in providing brands with the necessary tools to prevent counterfeiting and maintain consumer trust.
Padmakumar Nair, the CEO and Founder of Ennoventure, shared that this investment is a major achievement for the company. “With this support, we are ready to lead the way in offering innovative, AI-driven solutions that help brands stay ahead in a competitive market,” Nair said. He emphasized that Ennoventure is dedicated to being the trusted partner for brands seeking to protect their products and maintain their reputation.
With the new funding, Ennoventure is set to enhance its product offerings and expand its global reach, continuing to provide advanced solutions that safeguard brands and build consumer trust.
