Evinced Rakes In $55 Million Series C

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">PALO ALTO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u>Evinced<&sol;u>&comma; a software company powering accessible web and mobile development&comma; has raised <span class&equals;"xn-money">&dollar;55 million<&sol;span> in Series C funding&comma; bringing its total funding to-date to <span class&equals;"xn-money">&dollar;112 million<&sol;span>&period; The round was led by existing investor Insight Partners&comma; a global software investor&comma; with participation from existing investors M12 &lpar;Microsoft&&num;8217&semi;s venture fund&rpar;&comma; BGV&comma; Capital One Ventures&comma; and Engineering Capital&period; Evinced also welcomed a new investor&comma; Vertex Ventures&period;<&sol;p>&NewLine;<p>As regulatory pressures increase and the importance of digital accessibility is understood&comma; companies are finding that the best way to ensure digital accessibility is to build it into every step of the development life cycle&period; Evinced&&num;8217&semi;s broad portfolio of tools for designers&comma; developers&comma; QA engineers and managers make that possible&comma; with best-in-class defect detection&comma; fix suggestions&comma; and ease of use&period; Evinced is a pioneer in AI-based approaches that enable detection of problems that used to require purely manual approaches&comma; and in generative AI accessibility solutions that are reliable and scalable across the enterprise&period;<&sol;p>&NewLine;<p>This latest round of funding will accelerate Evinced&&num;8217&semi;s mission through strategic investments in four key areas&colon;<&sol;p>&NewLine;<ul >&NewLine;<li>Expanding the company&&num;8217&semi;s European presence and customer base<&sol;li>&NewLine;<li>Growing its global sales and customer success teams<&sol;li>&NewLine;<li>Enhancing R&amp&semi;D capabilities in generative AI solutions<&sol;li>&NewLine;<li>Developing new products and services to meet evolving market needs&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&&num;8220&semi;This funding round is a clear indication that digital accessibility is now a business imperative&comma; not just an option&comma;&&num;8221&semi; said <span class&equals;"xn-person">Navin Thadani<&sol;span>&comma; CEO and founder of Evinced&period; &&num;8220&semi;The continued support from our existing investors and the addition of Vertex Ventures reflects their belief in our ability to address accessibility challenges at scale&period; As we expand into <span class&equals;"xn-location">Europe<&sol;span>&comma; which faces even more regulatory pressure&comma; we&&num;8217&semi;re also investing in accelerating our development of generative AI capabilities that complement our core mission of empowering developers to build inclusive digital experiences from the start&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Evinced&&num;8217&semi;s rapid adoption since 2021 means its software is now trusted by some of the world&&num;8217&semi;s leading companies&comma; including financial institutions with collectively <span class&equals;"xn-money">&dollar;26 trillion<&sol;span> of assets&comma; five of the ten largest media companies in the US and UK&comma; three of the five largest B2B SaaS companies in the US&comma; three of the 10 largest healthcare companies in the US&comma; and two of the five largest retailers in the US&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We&&num;8217&semi;re excited to deepen our partnership with Evinced through this new investment&comma;&&num;8221&semi; said <span class&equals;"xn-person">Michael Yamnitsky<&sol;span>&comma; Managing Director at Insight Partners&period; &&num;8220&semi;Evinced brings an AI-driven platform approach to accessibility management&comma; replacing expensive and tedious manual audits and ad-hoc solutions&period; We couldn&&num;8217&semi;t be more thrilled to support them on their mission to embed accessibility into the software development lifecycle&period;&&num;8221&semi;<&sol;p>&NewLine;