The strategic investment by Highbrow Securities will fuel Novavente's ambitious expansion plans, enhancing offerings and services while significantly boosting the workforce
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The company aims to democratize semiconductor design, making high-performance, custom silicon accessible and affordable globally
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This funding follows the last fund raise Rs 14.5 crore pre-series A round in April 2023, which included Bollywood actor Akshay Kumar and cricketer Virender Sehwag as key investors
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Major investors include Nvidia and Microsoft, alongside Eclipse Ventures, Jabil, and BlackRock. The company also raised USD 20 million in debt financing from J.P. Morgan
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EvolutionaryScale plans to utilise the new funding to train its next generation of AI models and expand its team to collaborate with the biotech industry
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