Innovapptive, a Houston, TX-based company that provides a SaaS-based connected worker platform for maintenance, operations, and warehousing, raised Series B funding.
The round was led by Vista Equity Partners (“Vista”), a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Existing investor Tiger Global Management also participated in the round.
The company will use the investment to accelerate product innovation and reach new regional markets while further establishing its leadership position in the emerging connected worker software category.
“We look forward to this next phase of growth as we continue to define the emerging connected worker software category,” said Sundeep Ravande, Founder and CEO of Innovapptive. “Vista has significant experience scaling enterprise software businesses and emerging technologies. We are thrilled to have them lead our Series B investment and work alongside our team to advance and scale our vision, product innovation and go-to-market efforts. This partnership will enhance our platform capabilities to integrate with enterprise systems, capture actionable insights, make recommendations for productivity and safety, and close the loop between assets and people.”
Its customers span energy, mining, metals, utilities, chemicals, and Industrial Manufacturing. Its platform is used by some of the world’s largest Fortune 500 asset-intensive companies.
Company: Innovapptive Inc.
Raised: Undisclosed
Round: Series B
Funding Month: May 2023
Lead Investors: Vista Equity Partners
Additional Investors: Tiger Global Management
Company Website: https://www.innovapptive.com/
Software Category: Connected Worker Solutions
About the Company: Innovapptive is an industrial-connected worker solution that brings front-line workers, back-office, and assets together. The company uniquely unlocks all aspects of an enterprise's work management processes with its flagship patented no-code connected worker platform and integrated suite of apps that tightly integrate with enterprise ERPs, enterprise asset management, and asset performance management systems. The platform empowers operators, maintenance, and warehouse teams to seamlessly collaborate and communicate to carry out work identification to work management workflows. Innovapptive is headquartered in Houston, TX, with offices across the globe in India, Europe, and Asia-Pacific.
Source: https://www.innovapptive.com/news/innovapptive-seriesb-investment-vista-equity-partners