GAVS Tech eyes expansion after recent funding boost

Chennai-based GAVS Technologies, a digital automation enterprise, said it has received an undisclosed funding, as Committed Advisors and NewQuest Capital Partners came in as Limited Partners to Basil Partners, the primary investor of GAVS Tech.

The private equity firm Basil Partners has stakes in six portfolio companies including GAVS Tech, and the share of monetary infusion flowing to the Chennai-based AI company remains undisclosed.

As a home-grown IP-led enterprise with focus on AI, predictive analytics, and automated enterprise solutions, GAVS Tech intends to utilise the funding to accelerate new tech development and strengthen operations in India and global markets. “The development brings institutional investors into the picture, and will also provide dry powder for our organic and inorganic growth plans,” Sumit Ganguli, CEO, Gavs Tech, said. He added that GAVS Tech is close to completing a strategic acquisition, which is likely to happen by March 2019.

GAVS Tech’s solutions are based on their flagship premise of Zero Incident Framework, which bats for predicting future failures in enterprise systems and offering remedies before they occur. This is made possible by GAVS’ proprietary AI engine GAVel, which uses machine learning algorithms to predict and auto resolve incidents in IT operations. The company has filed four patents till date, and is working on three more proprietary technologies. Ganguli said the enterprise is poised to reach revenue of $100 million in the next 18 months, with “talks in final stages” to close deals with eight to ten organisations. Over 80% of the company’s clients are from outside India spanning the healthcare, manufacturing, media and other sectors.


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