Evinced—a leading software company powering accessible web and mobile development—announced it has raised $55 million in Series C funding, bringing its total funding to $112 million. The funding round was led by existing investor Insight Partners, with participation from existing investors M12 (Microsoft’s venture fund), BGV, Capital One Ventures, and Engineering Capital. Evinced also welcomed a new investor, Vertex Ventures.
With regulatory pressures increasing and the importance of digital accessibility becoming clearer, companies are determining that the best way to ensure digital accessibility is to build it into every step of the development life cycle. Evinced’s broad portfolio of tools for designers, developers, QA engineers, and managers makes this possible with advanced defect detection, fix suggestions, and ease of use.
This latest funding round will accelerate Evinced’s mission through strategic investments in four key areas:
— Expanding the company’s European presence and customer base
— Growing its global sales and customer success teams
— Enhancing R&D capabilities in generative AI solutions
— Developing new products and services to meet evolving market needs.
KEY QUOTES:
“This funding round is a clear indication that digital accessibility is now a business imperative, not just an option. The continued support from our existing investors and the addition of Vertex Ventures reflects their belief in our ability to address accessibility challenges at scale. As we expand into Europe, which faces even more regulatory pressure, we’re also investing in accelerating our development of generative AI capabilities that complement our core mission of empowering developers to build inclusive digital experiences from the start.”
- Navin Thadani, CEO and founder of Evinced
“We’re excited to deepen our partnership with Evinced through this new investment. Evinced brings an AI-driven platform approach to accessibility management, replacing expensive and tedious manual audits and ad-hoc solutions. We couldn’t be more thrilled to support them on their mission to embed accessibility into the software development lifecycle.”
- Michael Yamnitsky, Managing Director at Insight Partners
