Ignite Asia, a Singaporean and Malaysian venture capital and private equity firm, has provided early funding to Krenovator, an AI-powered tech talent platform that focuses on finding and developing talent for businesses. The business said in a statement that the deal was formally closed in early 2025 and that the sum is yet unknown.
Krenovator will strategically use the recently obtained funds to grow its workforce and bolster its sales and marketing initiatives.
Since its founding in 2019, Krenovator has developed into a preeminent AI-powered tech talent platform, providing IT services to enterprise clients in the manufacturing, oil and gas, logistics, banking, and telecommunications industries. At the moment, the business provides services to customers in Europe, the Middle East, and Malaysia.
Krenovator claims that its advanced tech talent sourcing method is its main advantage. The company has access to about 30,000 highly qualified IT workers, mostly in Malaysia and Indonesia, who work as software engineers, testers, business analysts, and data scientists, thanks to its in-house AI platform. Krenovator can quickly find and provide the best candidates for clients' important projects because to this large skill pool. According to the organization, this unique skill has emerged as a crucial distinction, drawing in businesses looking for top digital expertise.
At the same time, Krenovator's platform keeps expanding as a thriving IT professional environment, providing resources for improving career skills, facilitating peer interactions, and building a solid community
Mahadhir Yunus, CEO of Krenovator, said, “ The funding from Ignite Asia validates Krenovator’s approach to solving the tech talent crunch." He added, "The AI-powered platform gives the company an edge in sourcing top-tier talent in Southeast Asia, and Krenovator’s understanding of enterprise IT needs allows it to deliver exceptional value to clients.”
Jake Thui, vice president of investments at Ignite Asia, said “We are impressed by Krenovator’s innovative approach to the tech talent space”. He added “The platform’s AI-driven sourcing and enterprise-focused strategy offer a strong value proposition, and that Ignite Asia is excited to support the company’s growth in the region”.
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