Nuvento raises $3.3 million funding to expand cloud, data offerings

Nuvento, a digital tech services company that builds transformative digital experiences in the cloud, announced an investment of $3.3 million from Tests Assured Inc and an additional $1.5 million to co-develop a cloud-based healthcare technology.Discussing the transaction, Suraj Arukil, Founder and CEO of Nuvento, Inc. shared, Weve seen substantial revenue growth over the past two years, driven primarily by our cloud capabilities, including building transformative digital experiences for our clients. Our Digital ABCD (A- Artificial Intelligence & Automation, B Business Process Transformation, C- Cloud & Cyber Security, and D- Data) delivers immense value and this investment from Tests Assured will help us scale our US and global operations as we continue to build Nuvento into a leading Cloud Service Provider.Demand for digital capabilities is rapidly increasing as companies look to find ways to automate and optimize their operations.Nuvento has built up a very strong cloud and AI technologies portfolio, backed by a world-class team of engineers and developers, said Imad Abdelgawad, CEO and Founder at Tests Assured. Location-specific requirements such as network bandwidth, data sovereignty and latency concerns are driving enterprise evaluation and accelerating the move to cloud-based technology.Manoj J Manayathumariyil, Co-Founder and Managing Director of Nuvento, said, In the last 24 months, Nuvento has been multiplying and diversifying its operations across India & Canada. With this investment, we will continue to expand our global workforce to support our growth. stated, Nuventos unique capabilities in Data, AI, ML, and Automation bring additional strength to the Tests Assured portfolio of offerings in the cloud-based, digital transformation markets.