Zvolv Secures Rs 16 Crore Funding from Silverneedle Ventures and Existing Investors
- ByStartupStory | February 29, 2024
Global hyperautomation leader, Zvolv, has successfully raised Rs 16 crore in its latest funding round. The first close was led by Silverneedle Ventures, with participation from existing investors JSW Ventures and others.
Zvolv, known for its robust operations in India, the US, MEA, and ANZ, plans to utilize the fresh funds to enhance its LCNC Hyperautomation capabilities. The focus is on integrating a trust-based generative AI layer into next-gen enterprise AI applications. This strategic move aims to empower enterprises with increased efficiency and accelerated time-to-value, leveraging Zvolv’s rapid application development and integration capabilities.
CEO of Zvolv, Hardik Gandhi, expressed excitement about the partnership with Silverneedle Ventures and highlighted the significance of this investment, particularly in expanding further into the US healthcare sector. He stated, “Their investment is a validation of both the potential of Zvolv and the traction we are seeing in the large enterprise segment.”
Abishek Balendran, Partner at Silverneedle Ventures, outlined the rationale behind their investment, emphasizing Zvolv’s outstanding AI product. He believes that Zvolv’s product suite, coupled with new AI orchestration capabilities, has the potential to be a major game-changer in the hyperautomation market.
Sachin Tagra, Managing Partner at JSW Ventures and Zvolv board member, acknowledged Zvolv’s proven product capabilities over the last couple of years. He emphasized that the additional funding would empower Zvolv to enhance its distribution capabilities, solidifying its position as one of the top hyperautomation platforms globally.
Launched in 2018 by former Apple and Texas Instruments technologists Hardik Gandhi and Sujoy Chakravarty, Zvolv has already established itself as a leader in the LCNC hyperautomation space in India. With plans to expand offerings in the US market through reseller collaborations and direct presence, Zvolv is poised for further success in the hyperautomation landscape.
Follow Startup Story
Related Posts
