Evinced, the leading software company driving accessible web and mobile development, has announced a successful $55 million Series C funding round, bringing its total funding to $112 million. The round was led by Insight Partners, with participation from existing investors M12 (Microsoft’s venture fund), BGV, Capital One Ventures, and Engineering Capital. Additionally, Evinced welcomed Vertex Ventures as a new investor, underscoring the growing importance of digital accessibility.
Addressing Accessibility Challenges with AI
Evinced has positioned itself as a pioneer in leveraging AI-driven technologies to tackle digital accessibility challenges at scale. Its portfolio of tools empowers designers, developers, QA engineers, and managers to integrate accessibility seamlessly into the software development life cycle. Key features include:
- Advanced defect detection: AI-powered tools identify issues that traditionally required manual review.
- Fix suggestions: Automated and accurate solutions streamline the remediation process.
- Ease of use: Designed for enterprise scalability, the platform ensures accessibility without compromising development efficiency.
By integrating generative AI solutions, Evinced enhances reliability and scalability, enabling companies to meet regulatory requirements and deliver inclusive digital experiences.
Strategic Investment Areas
The Series C funding will fuel growth and innovation across four primary areas:
- European Expansion: Strengthening presence in Europe, where regulatory pressures demand swift compliance with digital accessibility standards.
- Global Sales and Customer Success: Scaling teams to support a growing global customer base.
- R&D in Generative AI: Advancing generative AI technologies to drive innovation in accessibility solutions.
- Product Development: Launching new products to address evolving accessibility needs in various industries.
CEO’s Vision for Inclusive Development
Navin Thadani, CEO and Founder of Evinced, emphasized the critical role of accessibility in modern business:
“This funding round is a clear indication that digital accessibility is now a business imperative, not just an option. As we expand into Europe and enhance our generative AI capabilities, our mission remains focused on empowering developers to build inclusive digital experiences from the start.”
Thadani also highlighted the importance of addressing accessibility at scale, particularly as companies navigate the complexities of regulatory compliance in the US and Europe.
Trusted by Industry Leaders
Since its launch in 2021, Evinced has rapidly gained traction, with its tools now used by some of the world’s largest enterprises:
- Financial institutions managing $26 trillion in assets.
- Five of the ten largest media companies in the US and UK.
- Three of the five largest B2B SaaS companies in the US.
- Three of the ten largest healthcare companies in the US.
- Two of the five largest retailers in the US.
These organizations rely on Evinced to replace outdated, manual accessibility audits with its automated, AI-driven platform.
Investor Confidence
Michael Yamnitsky, Managing Director at Insight Partners, expressed strong support:
“Evinced brings an AI-driven platform approach to accessibility management, replacing expensive and tedious manual audits. We are thrilled to deepen our partnership with them and support their mission to embed accessibility into the software development lifecycle.”
Driving Growth Amid Regulatory Demands
Evinced is poised for continued growth as:
- US courts interpret the ADA to include digital properties, increasing the need for compliance.
- European companies face a June 2025 deadline to comply with stringent accessibility regulations.
- Companies recognize the limitations of legacy accessibility approaches, opting for AI-powered solutions that ensure inclusivity at scale.
With $55 million in new funding, Evinced is set to redefine digital accessibility, making it an integral part of software development and empowering businesses to create inclusive digital experiences.
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