Evinced Secures $55 Million in Series C Funding to Advance AI-Driven Digital Accessibility Solutions Globally
Evinced, a leading software company specializing in digital accessibility solutions, has recently secured a significant funding round to further its mission of making web and mobile applications accessible to all users. The company, which was founded in 2018 and is headquartered in Palo Alto, California, with additional offices in Tel Aviv-Yafo, Israel, has raised $55 million in Series C funding.
This latest funding round was led by Insight Partners, a global software investor with over $80 billion in assets under management as of June 2024. Insight Partners has a proven track record of supporting high-growth tech and Internet companies, having invested in over 800 companies, including more than 55 that have gone on to achieve IPO status. Other investors participating in this round include M12, BGV, Capital One Ventures, Engineering Capital, and new investor Vertex Ventures.
Evinced’s platform is designed to help enterprises ensure that their web and mobile offerings are accessible to all users, regardless of their abilities. The company offers a suite of tools that integrate directly into software development pipelines, enabling developers, designers, and accessibility professionals to automatically prevent, find, cluster, and track accessibility issues. This approach not only reduces reliance on manual processes but also minimizes risk and speeds up time to market.
The funding will be used to fuel several key initiatives. Firstly, it will support Evinced’s expansion into Europe, a strategic move aimed at broadening the company’s global footprint. Secondly, it will enable the growth of global sales teams, which will be crucial in driving the adoption of Evinced’s solutions among enterprises worldwide. Additionally, the funding will be used to advance research and development in generative AI, a technology that holds significant potential for enhancing accessibility solutions. Finally, it will support the development of new products, further enriching Evinced’s portfolio of accessibility tools.
Evinced’s commitment to digital accessibility is reflected in its comprehensive suite of products, which includes the Flow Analyzer for Web, a Chrome extension that scans web pages in all their potential states, and other tools such as site scanners and design assistants. These products are designed to help enterprises not only comply with international accessibility guidelines and standards but also create inclusive digital experiences that cater to all users.
The company’s success in securing this significant funding round underscores the growing importance of digital accessibility in the technology sector. With the backing of leading investors like Insight Partners, Evinced is well-positioned to continue its rapid growth and make a meaningful impact in the field of digital accessibility.
This funding round brings Evinced’s total funding to $112 million, a testament to the company’s potential and the confidence that investors have in its mission and products. As Evinced continues to expand its offerings and reach, it is poised to play a pivotal role in shaping the future of accessible web and mobile development.