Mavenick Consulting, the parent company of KlearStack, has announced signing of definitive agreements for a strategic investment round led by GI Projects Pte. Ltd., Singapore (part of Virenxia group) and India based ITCube Solutions Pvt. Ltd. Mavenick Consulting has been providing Artificial Intelligence solutions to industries globally since 2018. Their KlearStack SaaS platform offers end-to-end AI-driven solutions to capture and interpret data from documents and images, also called Intelligent Document Processing (IDP).
“KlearStack has clients globally from various domains. The new funding will help fast-track our roadmap to provide significantly improved customer experience. This will positively impact all our employees, partners, and customers. We are now one step closer to what we always aspire to be – the go-to platform for IDP solutions,” noted the Founder and CEO of KlearStack, Ashutosh Saitwal.
CEO and Chairman of Virenxia, Satyam K. Bose echoed as he commented, “Our strategic investment in Mavenick Consulting is a testament to Virenxia’s commitment towards our long-term vision of pioneering the world’s first Socioeconomic Empowerment Company.” This collaboration will mutually benefit KlearStack and Virenxia realize their shared vision of sustainability.
Partner investor, ITCube Solutions’ CEO, Uday Inamdar, mentioned, “The world is moving towards automation and KlearStack has all the necessary expertise to provide world-class solutions to enterprises. In this strategic partnership, we will work closely with KlearStack leadership in product innovation and Go-To-Market to help enterprises in their digital transformation journey.”
