Ennoventure – a leader in AI-based brand protection and authentication solutions – announced the closing of an $8.9 million Series A funding round. Headed by Singapore-based venture capital firm Tanglin Venture Partners, the funding round also included participation from existing investors, including Fenice Investment Group and additional SAFE investors.
As counterfeit products and intellectual property theft become growing concerns for companies worldwide, Ennoventure’s 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. And this funding round will enable the company to scale operations globally, strengthening its footprint in the USA, UAE, India, and beyond.
Ennoventure built a reputation as a leader in invisible digital packaging solutions, utilizing AI and cryptography to authenticate billions of product units across the globe. And the company’s platform seamlessly integrates with existing packaging processes, offering secure and scalable solutions for companies facing increasing threats from counterfeit goods.
KEY QUOTES:
“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.”
– Ennoventure Chairman Ahmad Chatila
“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.”
– Sankalp Gupta, Partner at Tanglin
“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.”
– Padmakumar Nair, CEO and Founder of Ennoventure
