Krenovator Technology, an AI-powered tech talent platform focused on sourcing and cultivating talent for enterprises, announced that it has secured seed funding from Ignite Asia, a venture capital and private equity principals firm in Singapore and Malaysia. The amount of the funding remains undisclosed, and the round was officially closed in early 2025.
Founded in 2019, Krenovator has evolved into a leading AI-powered tech talent platform that empowers enterprise clients in oil and gas, logistics, manufacturing, finance and banking, and telecommunications sectors through IT services. The Company currently has clients in Malaysia, the Middle East, and Europe.
Krenovator’s unique strength lies in its sophisticated tech talent sourcing strategy. Through its proprietary AI-powered platform, the company boasts access to nearly 30,000 skilled tech professionals, including software developers and testers, business analysts, and data scientists, primarily in Malaysia and Indonesia. This extensive talent pool enables Krenovator to efficiently identify and present top candidates for its clients’ critical projects. This distinct sourcing capability has become a key differentiator, attracting enterprises seeking premier tech talent.
Simultaneously, Krenovator’s AI-powered tech talent platform continues to grow and serve as a vibrant ecosystem for tech professionals. The platform offers tools for career skill enhancement, facilitates connections among talent, and fosters a strong community.
Mahadhir Yunus, CEO of Krenovator, said, “This seed funding from Ignite Asia is a powerful validation of Krenovator’s unique approach to solving issues of tech talent crunch. Our AI-powered tech talent platform gives us an unparalleled advantage in sourcing top-tier tech talent in Southeast Asia. This, combined with our deep understanding of enterprise IT needs, allows us to deliver exceptional value to our clients. This investment will fuel our platform’s growth, expand our team, and market footprints.”
Meanwhile, Jake Thui, vice president of investments at Ignite Asia said, “We are impressed by Krenovator’s innovative approach to the tech talent landscape. Their AI-powered platform and strategic focus on sourcing top talent to support enterprise IT needs create a compelling value proposition. We believe Krenovator is well-positioned for significant growth in the region, and we are excited to be a part of their journey.”
Krenovator’s core activities involve strategically sourcing and cultivating the top five percent of tech talent in Southeast Asia to support enterprise IT initiatives. Over the past two years, Krenovator has significantly grown its talent pool in Malaysia and Indonesia to nearly 30,000 professionals, achieved a 98% client satisfaction rate, and doubled its clientele from public-listed and Fortune 500 companies. The recent acquisition of major international clients underscores the importance of this seed funding in supporting Krenovator’s continued growth and service delivery.
The newly secured capital will be strategically deployed to expand Krenovator’s team and bolster its marketing and sales efforts.
“Looking ahead, we have ambitious goals for the next 12-18 months, aiming to triple our revenue and double our clientele. We also plan to introduce new service offerings, including enhanced IT services and potentially Software Tester as a Service, all leveraging our core strength in tech talent sourcing to cater to enterprise digital transformation needs,” Mahadhir concluded.
