By Entrackr
Consulting firm Novavente has raised $3 million in an investment round led by Highbrow Securities.
The funds will be used for expansion, enhance offerings and services while significantly boosting the workforce, Novavente said in a press release.
Launched by Ronak Rajan in 2016, Novavente is a consulting firm that offers sales, marketing, managed services, technology sales, and B2B Sales. Specialising in global sales enablement and demand generation, it employs AI, machine learning, sales automation, and research-driven strategies to help clients expand in current markets and explore new geographies.
Novavente says that it serves global companies, large enterprises, and startups across the US, Europe, UK, Middle East, and Asia Pacific. It has served clients including ONGC, LTIMindtree, Viacom18, Jio Cinema, Sodexo and Alibaba across sectors such as IT, Software, Cloud, Manufacturing, Automotive, and Media.
According to the company, it has made investments in developing generative AI products and services. It also invested in Thought Minds Systems Private Limited, an innovative startup specialising in generative AI. ThoughtMinds has expanded to over 50 GenAI specialists and secured multiple major clients across the US, India, and the Middle East.