Evinced, a Palo Alto-based software company developing accessible web and mobile solutions has landed $55 million in Series C funding. This round brings the total funding raised by the company to date to $112 million.
The round was led by Insight Partners, with participation from existing investors M12 (Microsoft’s venture fund) that backed Allstacks and Conduktor, BGV (which backed Fintastic and Greenly), Capital One Ventures, and Engineering Capital. Additionally, Vertex Ventures Israel joined as a new investor.
European expansion amidst growth plans
The company intends to use the funds to accelerate its mission through strategic investments in four key areas: expanding the European presence and customer base, growing its global sales and customer success teams, enhancing R&D capabilities in generative AI solutions, and developing new products and services to meet evolving market needs.
How was the idea born?
Evince was born from the recognition that digital accessibility is often overlooked in the fast-paced world of software development, leading to barriers for users with disabilities. Founded in 2018 by Navin Thadani and Gal Moav, alongside a team of technologists passionate about inclusivity, the company set out to automate accessibility testing, empowering developers to create software that’s accessible to everyone from the start.
Headquartered in Palo Alto, California, the company has offices across the U.S., Europe, and Tel Aviv, Israel. It currently employs over 100 people and plans to expand its team significantly by the end of 2025.
Simplifies digital accessibility with AI
Evinced empowers developers to create more accessible websites and mobile applications by providing AI-driven tools that detect, analyse, and fix accessibility issues. Its technology identifies features that may not work well with screen readers or keyboard navigation, ensuring inclusivity for users with disabilities.
By visually analysing websites and applications, Evinced builds a structural semantic model that compares interface elements with the underlying codebase. This approach automates the detection of accessibility problems, saving developers hundreds of hours of manual work.
It streamlines the remediation process by pinpointing problematic code lines, ranking issues by severity, and offering code suggestions for fixes. This simplifies the process, enabling teams to focus on critical accessibility barriers and deliver inclusive digital experiences efficiently.
Evinced provides software for integrating accessibility into web and mobile development at accessibility-committed companies. Its suite of tools enable developers and accessibility professionals to automatically find, cluster, and track accessibility issues, reduce reliance on manual processes, minimise risk, and speed up their time to market.
How does Evinced impact accessibility in Europe?
Evinced is poised for significant growth in Europe as the EU’s mandatory accessibility regulations take effect by June 2025. These regulations will require companies to ensure their digital assets meet accessibility standards, aligning with a global trend toward inclusivity. By automating and streamlining the accessibility process, Evinced offers a vital solution for businesses to comply with these new requirements efficiently.
Evinced began generating revenue in February 2021 and has doubled its sales every year since. “We are in excellent shape for a company of our age, which has given our investors the confidence to support another funding round,” Evinced co-founder Gal Moav said. “We prioritised an offer from an existing investor to expedite the process, and their terms were favourable. At the same time, we brought in Vertex Ventures as a new investor.”
The post Evinced fuels in $55M to transform digital accessibility with GenAI and enterprise solutions appeared first on Tech Funding News.