TLDR:
- NovaData Solutions, a provider of AI-driven software for property restoration invoice analysis, raised Series A funding led by Activate Venture Partners.
- The funding will be used to enhance software capabilities, expand market reach, and accelerate growth.
NovaData Solutions, based in Haverford, PA, has secured Series A funding from Activate Venture Partners and other investors, including Ben Franklin Technology Partners. The amount of funding raised was undisclosed. The company, led by CEO Anthony Troy, offers a Rest-Assured® platform that uses AI to automate the analysis of property restoration invoices, identifying cost-saving opportunities and potential overcharges. This innovative approach has gained wide industry recognition, making NovaData Solutions a trusted partner in the property restoration sector.
CEO Anthony Troy expressed excitement about the investment from Activate Venture Partners, stating that their wealth of experience will be valuable as the company continues to expand and innovate. The funding will be utilized to enhance software capabilities, expand market reach, and accelerate overall growth. NovaData Solutions is well-positioned for continued success in the property restoration industry, backed by the confidence of investors like Activate Venture Partners.
