weavix – a Wichita-based technology firm specializing in frontline communication and efficiency solutions – recently announced it has successfully raised $23.6 million in its latest Series B funding round. The funding round was led by global software investor Insight Partners, with participation from Four More Capital, The Friedkin Group, and Perkins Coie. And as strategic partners and leaders in the industrial world, they now join Koch Disruptive Technologies, which previously invested $10 million in Series A funding in January 2022.
With this new funding round, weavix plans to expand its product offerings and strengthen its market presence in manufacturing, construction, food and beverage production, hospitality, energy, etc. The funding raised will be primarily allocated to rapidly scale operations across the United States to meet demand and secure the position as the leading frontline worker platform benefiting the hands-on workforce through employee communication to drive engagement, enablement, and retainment.
weavix’s platform – propelled by cutting-edge AI capabilities – is the first to unlock frontline communication. And beyond seamless communication, weavix utilizes the power of AI to gather and analyze frontline efficiency and safety data, offering executives unprecedented visibility into their facilities. And each component of the weavix platform is designed to create a single source of truth for enterprises. By implementing the weavix platform and outfitting the workforce with a walt smart radio, weavix can increase collaboration across facilities, enhance safety protocols, create a culture of retainment, and provide data-driven insights to weave systems, processes, and people together.
Insight Partners anchors the funding round with its strong strategic relationships, insights, and expertise to keep pace with customer demand. And this partnership provides access to Insight’s impressive portfolio ecosystem, creating collaborative opportunities to speed up new innovative solutions for frontline-driven organizations.
weavix has experienced rapid growth since hitting the market in 2022. Closing this growth round of $23.6 million gives Weavix the additional resources needed to fulfill its mission of becoming the market leader by connecting the disconnected workforce.
KEY QUOTES:
“Adding Insight Partners is a significant milestone for our organization. The collaboration and synergy I’ve witnessed during our interactions are indicative of the positive impact we can create together. I’m truly excited to work alongside some of the largest and most accomplished industry leaders who share a commitment to enabling and solving the unique challenges faced by the frontline workforce. the frontline worker faces. Our new partners best prepare weavix to set the stage for the rapid growth trajectory we expect this year.”
— Kevin Turpin, Founder and CEO of weavix
“weavix’s mobile device for the frontline worker is a gamechanger. Their smart radios and corresponding software unlock a new level of connectivity and productivity for the frontline workforce. Their blend of hardware, software, and enhanced networking has transformed communications for those who need it most. We look forward to partnering with the weavix team as they continue to grow and scale up.”
— Grace Kotick, Vice President at Insight Partners; Grace will join the weavix board
