Pune based InnovizeTech Secures 1mn$ Funding

Pune based Innovizetech has secured Series A funding from Seed Enterprises. Earlier the company raised $350,000 from IAN.

By supporting on-premise installations, as well as ‘in the cloud’ hosting, Sapience (Innovizetech’s flagship product) is designed and priced right for organizations ranging from tens to several thousand employees. The funds raised will be used to expand customer base, add advanced features and investments in R&D.

Seed Enterprises is a new venture fund by Mitesh Bohra, Avinash Sethi and Siddharth Sethi, who previously co-founded InfoBeans Systems. Post this investment, Mitesh Bohra joins company’s Board of Directors and Avinash Sethi as CMO of the company.

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