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In the next five years, the startup aims to become a significant player in the IT services space,“With a management team that can easily handle businesses worth more than a billion dollars , it will look at organic and inorganic means of achieving the scale required to serve the needs of its Fortune 500 target customers,” the company said in a statement. Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesThe AI consulting company is looking to hire more talent from India in its AI architecture and business consulting segments. The company competes in parts with Tiger Analytics and US-Based Fractal Analytics. Navikenz will use the investment to expand its footprint in India and the United States. Founded last year by the former president of IT services at Mindtree, Anjan Lahiri, Navikenz enables organisations to implement AI solutions to improve business processes.