Novaworks Raises $8 Million in Seed Funding
Novaworks, a company based in Los Gatos, California, has announced the successful closure of an $8 million seed funding round. This funding initiative was led by Stalwart Ventures, with additional participation from ServiceNow Ventures and Bell Ventures. Novaworks focuses on creating an agentic Human Capital Management (HCM) operating system that integrates people, workflows, and AI agents across an enterprise's workforce, leveraging the ServiceNow platform.
Founders and Leadership
The company was co-founded by Eswar Vandanapu, who serves as the Chief Technology Officer, and Kelley Steven-Waiss, who is the Chief Executive Officer. Together, they aim to modernize HR processes through their innovative platform.
Purpose of the Funding
The newly acquired funds will be used to further develop Novaworks' agentic operating system, which is designed to offer Total Workforce Management (TWM). This system intends to help enterprise organizations streamline and modernize their HR functions, making them more efficient and effective.
Strategic Investors
Stalwart Ventures led the funding round, bringing their expertise and resources to support Novaworks' growth. ServiceNow Ventures, a key investor, aligns well with Novaworks as the company's platform is built on ServiceNow's technology. Bell Ventures also participated, indicating strong interest and confidence in Novaworks' potential.
Looking Ahead
With this infusion of capital, Novaworks is poised to expand its capabilities and market reach. The focus will be on enhancing their platform to better serve enterprise clients, ensuring that HR processes are seamlessly integrated with cutting-edge AI technologies.
For more information on Novaworks and their innovative solutions, visit their official website.