Navatech is pleased to confirm a US$ 750k first close of its US$ 3.0m Seed fundraise, securing commitment from a group of international investors.
“We’re incredibly excited to have reached this important milestone in our funding journey,” said Prakash Senghani, CEO and Co-founder of Navatech. “This not only validates our vision, but also enables us to advance our technology and expand our impact in the construction industry. We’re grateful for the support from our investors and look forward to furthering our mission to bring efficiency, safety, and innovation to construction projects worldwide.”
“The successful first close marks a significant milestone for Navatech,” said Mukund Hirani, CTO and Co-founder of Navatech. “The AI space is moving rapidly, and this investment allows us to accelerate our engineering practice and further deepen our AI and ML capabilities, enabling us to deliver cutting-edge innovation to our partners and customers.”
“Securing this funding demonstrates the confidence our investors have in Navatech’s vision and business model,” said Raj Varsani, CFO of Navatech. “It not only strengthens our financial position, but also allows us to strategically allocate resources to scale-up operations and expand our market presence. We’re committed to delivering value to our stakeholders and driving sustainable growth, and we look forward to working with both current and new investment partners, to close the remaining Seed fundraise by the end of the year”.
Navatech is a Construction Technology company, focused on Health & Safety and Worker Welfare across multiple geographies. Its AI-first solution uses multilingual and multimodal conversation, to break down communication barriers and provide the right information, to the right people, at the right time. For more information, please contact:
- [email protected] – Seed fundraise enquiries; or
- [email protected] – Sales enquiries
September 2024