weavix, a Wichita, Kansas-based technology firm specializing in frontline communication and efficiency solutions, raised $23.6 million in its latest Series B funding round.
SaaS Investors
The investment was led by Insight Partners, with participation from Four More Capital, The Friedkin Group, and Perkins Coie.
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2023, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto.
weavix Use of Funds
The company plans to utilize the funds to expand its product offerings and strengthen its market presence in industries such as manufacturing, construction, food and beverage production, hospitality, and energy.
About weavix
weavix, the Internet of Workers platform, revolutionizes frontline communication and productivity at scale. weavix harnesses the power of AI to gather and analyze frontline efficiency and safety data, offering executives an unprecedented level of visibility into their facilities. Its mission is to connect the disconnected workforce through disruptive technology.
Funding Details
Company: Weavix
Raised: $23.6M
Round: Series B
Funding Month: January 2024
Lead Investors: Insight Partners
Additional Investors: Four More Capital, The Friedkin Group, and Perkins Coie
Company Website: https://weavix.com/
Software Category: Frontline Communication and Efficiency Solutions
Source: https://www.prnewswire.com/news-releases/weavix-secures-23-6-million-in-series-b-funding-302033874.html