Invictus Growth Partners to invest $35m in Novi Labs.

Invictus Growth Partners, a private equity firm, agreed to invest $35m in Novi Labs, a software company. “This investment marks a defining inflection point in our mission to transform how energy development and capital allocation decisions are made. We’re moving the industry beyond intuition-based legacy workflows to a future defined by AI and proprietary data. That shift is becoming even more urgent as the rapid buildout of data centers to power AI drives unprecedented energy demand. Novi is uniquely positioned at the center of this transformation, delivering the intelligence platform energy producers rely on to guide billions in capital decisions,”Scott Sherwood, Novi Labs CEO.