Zvolv, a hyper-automation company with operations across India, US, MEA and ANZ, raised about $2 million from Silverneedle Ventures, along with participation from existing investors, JSW Ventures.
Launched in 2018 by former employees of Apple and Texas Instruments Hardik Gandhi and Sujoy Chakravarty, Zvolv is a player in the LCNC (low-code/no-code) hyperautomation space in India.
Zvolv plans to deploy the funds to expand & strengthen its LCNC Hyperautomation capabilities by integrating a trust-based generative AI layer into enterprise AI applications.
The new capabilities will help enterprises drive significant efficiency gains utilising Zvolv's rapid application development and integration capabilities, the company said in a statement.
“We are extremely excited to bring on-board Silverneedle Ventures as partners, especially as we expand further into the US healthcare space," said Gandhi, CEO of Zvolv.
Zvolv also plans to expand its offerings in the US market through reseller collaborations and direct presence.
“Hardik and his team have built an outstanding AI product with a clear potential to significantly accelerate the digital transformation journeys of enterprises," said Abishek Balendran, partner, Silverneedle