Insight Partners led US-based Evinced’s $55 million Series C investment round.
Software company Evinced has received $55 million in investment. Insight Partners led the company’s $55 million Series C investment round. The US-based company’s investment round included M12, BGV, Capital One Ventures, Engineering Capital and Vertex Ventures. Founded in 2018, Evinced’s total investment amount increased to 112 million dollars.
Evinced announced that it will use the new investment to expand its presence in Europe, grow its sales and customer support teams, and develop new products.
Founded by Gal Moav and Navin Thadani, Evinced stands out as a platform that offers accessibility solutions in web and mobile application development processes. Accessibility issues, especially in web and mobile applications, can restrict access to these platforms for people with visual, hearing, motor skills or cognitive disabilities. Therefore, the accessibility solutions offered by Evinced are important because they increase the usability of digital products by people with disabilities.
Many countries require accessibility standards for digital products. Evinced helps companies comply with these regulations. By ensuring that all users benefit equally from digital services, the company increases customer satisfaction and gains a competitive advantage by appealing to a wider audience.
