Brand protection and authentication solutions provider Ennoventure raises $8.9 million

Ennoventure, Inc., an AI-powered brand protection and authentication solutions provider, recently raised $8.9 million in a Series A funding round led by Singapore-based venture capital firm Tanglin Venture Partners.

The round also saw participation from existing investors, including Fenice Investment Group and additional SAFE investors.

"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," said Chairman of Ennoventure, Inc., Ahmad Chatila.

What does Ennoventure do?

Ennoventure, Inc. is a global SaaS startup leading the digital revolution in brand protection, distinguished by its patented invisible signature powered by AI and cryptography. 

The startup empowers brands and consumers by authenticating product packages and transforming them into intelligent, connected packaging. Its solutions integrate into product packaging without process changes or capital investment.

The startup plans to use the raised capital to scale operations globally, strengthening its footprint in the USA, UAE, India, and beyond.

"Ennoventure is addressing a critical market need with its unique, process-agnostic brand protection technology," said Sankalp Gupta, Partner at Tanglin.

"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," Gupta added.

"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," said Padmakumar Nair, CEO and Founder of Ennoventure.

"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."