AI consulting firm Navikenz has raised $7.5 million in a recent funding round co-led by Sekar PRC and Sudip Nandy, with additional contributions from existing investors. This funding marks a significant milestone for the company, following a previous $4 million investment led by Sudip Nandy.
The newly acquired funds will be used to expand Navikenz’s team and enhance its technological capabilities, as stated in a press release by the company.
Established in 2020 by Anjan Lahiri and Samit Deb, Navikenz specializes in assisting businesses in integrating AI-powered solutions to optimize their operations and drive digital transformation. The company’s expertise lies in the strategic application of AI to streamline business processes, combining human insight with machine learning technologies. Navikenz offers a range of solutions including RetailBOT, HR Data Analytics, Spend Analytics, and its proprietary NaviKATOR methodology for digital transformation initiatives.
With a workforce of approximately 250 employees and offices in Bengaluru, Noida, and Princeton, New Jersey, Navikenz is poised to further invest in its workforce, clientele, and technological infrastructure. The company has collaborations with leading pharmaceutical, life sciences, insurance, and financial services companies, positioning itself as a key player in the AI consulting sector.
Over the past year, Navikenz has achieved notable profitability on a quarterly basis and has demonstrated substantial revenue growth within the services segment. The company’s strategic vision includes sustaining profitable growth and doubling revenues every 12–18 months in the coming years.
Navikenz delivers a comprehensive suite of consulting, architectural, and implementation services tailored to AI applications using a pod structure.
Source: Entrackr : Latest Posts