What is Evinced?
Evinced operates within the software sector, providing innovative digital accessibility automation services and software. The company addresses the growing need for digital platforms to be accessible to all users, including those with disabilities. By automating accessibility compliance, Evinced enables businesses to meet regulatory requirements and enhance user experience across their digital assets. The company's focus on automation positions it as a key player in a market driven by increasing awareness and legal mandates for digital inclusion.
How much funding has Evinced raised?
Evinced has raised a total of $110M across 3 funding rounds:
Series A
$17M
Series B
$38M
Series C
$55M
Series A (2021): $17M with participation from Capital One Ventures, Benhamou Global Ventures LLC, Engineering Capital, and Microsoft Corporation
Series B (2022): $38M led by M12, Insight Partners, BGV, and Capital One Ventures
Series C (2024): $55M supported by Bgv, M12, and Insight Partners
Key Investors in Evinced
Capital One Ventures
Capital One Ventures is the venture capital arm of Capital One Financial Corporation, a diversified financial services company. They invest in companies that align with Capital One's strategic interests, often focusing on technology and financial innovation.
Engineering Capital
Engineering Capital is a venture capital firm that partners with innovative entrepreneurs, specializing in seed rounds for companies aiming to define new categories in the information technology sector.
M12
M12, Microsoft's Venture Fund, invests in enterprise software companies, particularly in Series A through C rounds, with a focus on applied AI, business applications, infrastructure, and security.
What's next for Evinced?
The recent major strategic investment signals a new phase of expansion for Evinced. This capital will likely be deployed to enhance its automation platform, broaden its service offerings, and scale its go-to-market strategy. With a focus on enterprise-level solutions, Evinced is poised to capture a larger share of the digital accessibility market. Future developments may include deeper integrations with existing enterprise software ecosystems and further advancements in AI-driven accessibility testing and remediation. The company's strategic backing suggests a strong outlook for continued innovation and market leadership.
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