AI Startup Navikenz raises $4 Mn In Seed Funding led by Sudip Nandy and Sekar PRC
- ByStartupStory | April 27, 2022
Artificial Intelligence(AI) services startup Navikenz has raised USD 4 million in its seed round from several HNIs led by Sudip Nandy, ex-CEO Aricent and Sekar PRC, ex-Chief Executive Officer Hexaware. This new development in investment form comes at a time when the AI startup is stirring up new plans to expand and further strengthen its position in the industry.
Navikenz was founded in 2021 by Anjan Lahiri. It was started to help enterprises implement AI-enabled solutions to improve business processes and supplant ‘human effort with human intuition.’
The founder, Anjan, said, “No company needs another line of code – they need lower costs and higher revenues. Tech enables them to do that. People do not need employment; they need employability and a purpose – a reason to come to work every day. Our aim at Navikenz is to give people this sense of purpose, solving problems for customers in a way that makes them leap to log into their computers every day.”
The startup engages with Fortune 500 companies and helps them in recognizing the strengths of its AI-based solutions, such as enterprise architecture, business process consulting, cloud, and data science capabilities.
Navikenz has multiple clientele based in India as well as the US. In the next five years, the firm aims to become a significant player in the Information Technology(IT) Services space. As per the company, it will look at organic as well as inorganic means of achieving the scale required to serve the needs of all its Fortune 500 target customers.
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