Led · Seed · Mar 2026

Novaworks is positioning itself as an AI-native HCM operating system built on the ServiceNow platform to manage a modern, agentic workforce of employees, contractors, and AI agents. The company claims to embed AI directly into enterprise workflows to create a unified operating model for total workforce management. Novaworks was co-founded by Kelley Steven-Waiss and Eswar Vandanapu, and its leadership includes Chief Product Officer Melanie Lougee, a veteran of Workday, ServiceNow, Gartner, Oracle, and PeopleSoft. The founders previously built Hitch Works, which ServiceNow acquired in 2022. Novaworks is marketing itself as a next-generation alternative to legacy HR systems designed for a static workforce. Following its seed financing, the company plans to accelerate product development, hire more staff, and expand its customer base. The company’s current disclosed external financing is the $8 million seed round led by Stalwart Ventures with participation from ServiceNow Ventures and Bell Ventures.

Led · Seed · Feb 2023

Hypercraft builds and sells integrated electric drive systems to a variety of B2C and B2B buyers across on-road, off-road recreation, racing, resto-mod, fleet and marine segments. Its systems include motors, battery management systems (BMS), high-voltage junction boxes, high- and low-voltage wiring, CAN bus connectivity, software, display, throttle, and batteries bundled in the package. The company designs and builds HyperPack batteries in capacities ranging from 20 kWh to 120 kWh. Hypercraft is collaborating with 17 unique vehicle manufacturers across marine, automotive, government, racing and commercial transportation segments. Led by CEO Jake Hawksworth and based in Provo, Utah, the company raised a $6.5M Seed round at a $51.5M post-money valuation. The funds will be used to accelerate growth, expand the team, advance EV battery research and development, and support capital expenditures for scaled manufacturing.