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Novus Secures $1.5 Million Seed Investment, Valuation Reaches $14 Million

October 2, 2024
⌛️ min read
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Today marks an exciting milestone for Novus: the successful completion of a new seed investment round, raising $1.5 million. The round was led by Vestel Ventures and Tacirler Portföy Yönetimi, jointly managed by Gelecek Etki Fonu, with additional support from Sabancı Ventures, Inveo Ventures, DeBa, and several international funds. This backing has brought our valuation to $14 million, reflecting the growing confidence in our potential and future growth.

This investment represents more than just financial backing; it’s a testament to the trust placed in our mission, values, and shared vision for the future of AI. It’s the hard work, belief, and dedication of our entire team that have made this achievement possible. Every step we’ve taken has been driven by our commitment to transforming the AI landscape and empowering businesses with the right tools to leverage cutting-edge technology.

The new funds will be directed towards accelerating the development of our AI platform, DOT—an advanced solution designed to enable businesses to harness the full potential of large language models and AI agents. By investing in the continuous growth and capabilities of DOT, we aim to provide a platform that allows companies to seamlessly integrate AI into their operations and unlock new levels of efficiency and innovation.

This funding round also marks a pivotal moment for Novus as we expand our reach and influence in the AI sector, collaborating with leading investors and partners who share our dedication to pushing the boundaries of technology.

For more details, you can read the full article on Webrazzi.

A heartfelt thank you to everyone who has believed in, supported, and inspired us throughout this journey. Your encouragement has been a driving force behind our progress and growth.

Stay tuned for many more exciting developments and innovations ahead as Novus continues to shape the future of AI!