How much did Nuvento raise?

Nuvento raised $3.3 Million in a Seed round on February 18, 2023.

Who are the decision-makers at Nuvento?

Fundz holds 1 contact at Nuvento, including the CEO. Names and contact details are shown to Fundz members.

Digital Tech Services Firm Nuvento Raises $3.3 Million Funding To Expand Cloud, Data Offerings

PRIVATEFeb 18, 2023

Amount Raised

$3.3 Million

Round Type

Seed

CranburyInformation TechnologySoftwareArtificial IntelligenceCyber Security

Description

Digital tech services company Nuvento on Friday announced that it has raised $3.3 million from Tests Assured. The company has raised an additional $1.5 million to co-develop a cloud-based healthcare technology.Demand for digital capabilities is rapidly increasing as companies look to find ways to automate and optimise their operations, the company said in a statement.Suraj Arukil, cofounder and CEO of Nuvento, said, “We’ve seen substantial revenue growth over the past two years, driven primarily by our cloud capabilities, including building transformative digital experiences for our clients. This investment from Tests Assured will help us scale our US and global operations as we continue to build Nuvento into a leading Cloud Service Provider.”According to Gartner, over half of enterprise IT spending in key market segments will shift to the cloud by 2025.“Nuvento has built up a very strong cloud and AI technologies portfolio, backed by a world-class team of engineers and developers,” said Imad Abdelgawad, CEO and founder, Tests Assured.In the past 12 months, Tests Assured has invested in companies specialising in Blockchain, AR/VR, and now with Nuvento, we welcome our first investment in the cloud space, Abdelgawad added.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories According to Nuvento, many domains that have been non-cloud in the past are now shifting to public cloud services as enterprises adopt distributed cloud solutions, expanding the addressable market. Manoj J Manayathumariyil, cofounder and managing director, Nuvento, said: “In the last 24 months, Nuvento has been multiplying and diversifying its operations across India & Canada

Quick answer

Nuvento raised $3.3 Million in a Seed round, dated February 18, 2023. Nuvento is based in Cranbury, New Jersey, United States.

How much did Nuvento raise?: Nuvento raised $3.3 Million in a Seed round on February 18, 2023.
What does Nuvento do?: Nuvento Inc is a digital technology services and consulting firm that helps growing businesses transform their operations and services with powerful digital applications and platforms.
Where is Nuvento based and how big is it?: Nuvento is based in Cranbury, New Jersey, United States.
Who are the decision-makers at Nuvento?: Fundz holds 1 contact at Nuvento, including the CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Cyber Security and Software around the same time

Companies in the same sectors as Nuvento that raised within 45 days of this round, from Fundz verified event records.

Cranium Al raised $7M on March 6, 2023.
Quantifind raised $23M (Funding Round) on March 1, 2023.
Anthropic raised $300M (Funding Round) on February 3, 2023.
DryRun Security raised $2.3M on January 6, 2023.
Valyant AI raised an undisclosed amount (Funding Round) on April 4, 2023.
Quantexa raised $129M (Funding Round) on April 3, 2023.

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Company Information

Company

Nuvento

Location

Cranbury, New Jersey, United States

About

Nuvento Inc is a digital technology services and consulting firm that helps growing businesses transform their operations and services with powerful digital applications and platforms. We follow a unique ABCD model of AI and Automation, Business Platforms & Transformation, Cloud and, Data Engineering that helps businesses step up their digital capabilities, eliminate manual and legacy processes, and gradually become a fully digital business. Our specialties include the following: 1. Digital Strategy and Technology Consulting 2. The ABCD model of AI and Automation, Business Platforms and Transformation, Cloud Engineering, and Data Engineering 3. Accelerating go-to-market strategies with rapid application development frameworks. 4. Cloud & Managed Services We are partnered with technology powerhouses like Microsoft, Akamai, Matillion, Snowflake, Sitelock, and Otaras to enable powerful transformations delivered securely over the cloud and on-premises. Headquartered in Cranbury, New Jersey, Nuvento is growing its presence globally. We're now in; Overland Park, Kansas, Nova Scotia, Canada; Bengaluru and Cochin, India.

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