Workwize, a global IT hardware asset management platform, announced that it closed $13 million in Series A funding led by Klass Capital, with continued support from early-stage investors Peak and Graduate Entrepreneur Fund. This funding will fast-track Workwize’s integration of AI-based automation, making it the first platform to fully automate the IT equipment lifecycle—from procurement and deployment to retrieval and disposal.
A recent survey conducted by Workwize showed that 150+ global enterprises revealed that 48% of IT leaders prioritize operational efficiency and automation. And Workwize’s platform dramatically cuts IT management time from 27 hours to just 10 minutes per employee for tasks like procuring, deploying, managing, retrieving, and decommissioning IT equipment. And Workwize customers appreciate the platform’s ease of use, ensuring new hires receive the necessary IT equipment on their first day.
Traditional IT hardware asset management platforms offer a centralized record of the locations and status of IT equipment, but moving equipment still relies heavily on manual interventions by IT teams. For example – if an employee overseas needs a laptop repair, then an IT manager must coordinate with multiple international vendors: sending a shipping label and packaging to the employee, booking the repair, arranging and configuring a replacement laptop, seeking cost approvals, etc.
After fully automated, Workwize’s AI-based platform automates the entire lifecycle of IT equipment, eliminating the need for labor-intensive interventions. And Workwize improves the efficiency and scalability of repetitive tasks so that IT teams can focus on strategic initiatives. AI and automation are also used to analyze IT assets needed and manage the lifecycle of an organization’s IT hardware inventory globally.
The company also offers its customers with flexible delivery options, including pre-configured laptops with Mobile Device Management (MDM) from local warehouses, ensures compliance with standards like ISO, repurposes phased-out equipment, prioritizes sustainability, and certifies services to wipe, recycle, or resell IT assets. And this leads to significant time savings and delivers an experience that is ten times more efficient, allowing IT teams to be completely hands-off.
Last year, Workwize grew over 3x and its platform is already transforming IT operations for customers, including Adyen, Elastic, EQT, and HelloFresh. And the new funding will enable Workwize to expand its global footprint and enhance operations with the launch of a U.S. office in early 2025. Workwize also plans to double its headcount this year.
KEY QUOTES:
“IT teams worldwide are overwhelmed by the inefficiencies of managing equipment for distributed teams. They waste valuable hours on manual, repetitive tasks and getting caught up in complex vendor management. This investment further solidifies our vision of a barrier-free future where managing a global workforce becomes effortless and enables IT workflows to shrink from hours to minutes through smarter automation.”
– Michiel Meyer, CEO and co-founder of Workwize
“Our investment in Workwize reflects our strong belief in its ability to revolutionize IT management for an increasingly global workforce that demands streamlined solutions. Workwize provides the efficiency and scalability modern enterprises need to thrive in today’s dynamic, borderless business environment.”
– Will Anderson, Managing Partner at Klass Capital