Ennoventure raises $8.9 Mn led by Tanglin Venture

Brand protection and authentication solutions provider Ennoventure has raised  $8.9 million in  Series A funding round  led by Singapore based venture capital firm Tanglin Venture Partners along with participation from existing investors, including Fenice Investment Group and additional SAFE investors.

The proceeds will be utilized to enhance its product offerings and drive  mission to provide unparalleled brand protection globally, Ennoventure said in a press release.

Co-founded in 2018 by Padmakumar Nair and Shalini V Nair, Ennoventure is an AI-based cryptographic signature solutions provider for tracking packaging products. The platform utilizes technology like AI and blockchain to track the packaging of products via scanning the information through the app for product authentication and supply chain management. Consumers can scan the packaging product and then it can be shown on their web-based platform including videos, AR, and VR. It caters to solutions to pharma, FMCG, agro and other industries.

According to Ennoventure, its  patented invisible signature technology has become essential for industries such as FMCG, automotive, and industrial spare parts, providing businesses with real-time product authentication and protection. It leverages AI and cryptography to authenticate billions of product units across the globe.