#Netherlands #Amsterdam #AI Automation #IT Asset Management #Workwize

Workwize Secures $13 Million in Series A Funding

Workwize, a prominent player in global IT hardware asset management, has made headlines by raising $13 million in its Series A funding round. Led by Klass Capital, and with continued investment from Peak and Graduate Entrepreneur Fund, this funding is set to catalyze Workwize's ambitious plans to enhance its AI-driven automation tools. The investment will specifically enable the company to launch its U.S. office in early 2025, expanding its global footprint significantly.

The IT landscape is rapidly evolving, and companies are increasingly under pressure to manage IT resources for globally distributed teams effectively. According to Michiel Meyer, CEO and co-founder of Workwize, IT teams often find themselves bogged down with the tediousness of manual processes associated with equipment management, which can take up to 27 hours for a single employee. This inefficiency has created a pressing need for streamlined solutions, as evidenced by a recent survey indicating that 48% of IT leaders seek operational efficiency and automation as their top priority.

Revolutionizing IT Management

What sets Workwize apart in the IT asset management arena is its focus on automating the entire lifecycle of IT equipment—from procurement and deployment to retrieval and disposal. Existing systems provide only a partial view of the task at hand, often requiring significant manual intervention from IT teams. For instance, repairing a laptop for a remote employee usually necessitates coordination with multiple vendors, adding layers of complexity to a straightforward task.

Workwize aims to flip this model on its head. With the help of AI and automation, Workwize's platform can manage not just the tracking of the hardware but also automates the logistics involved in transporting, fixing, and replacing IT assets. In turn, this innovation allows IT teams to divert their energies from menial tasks toward more strategic initiatives that foster business growth.

The company's status as a first-mover in this space promises to reshape how organizations manage their global IT assets, ensuring that employees receive their necessary equipment promptly and efficiently. The platform dramatically cuts down the time spent on IT management tasks from 27 hours to just 10 minutes per employee, showcasing not only its efficiency but also its usability.

Enhanced Global Operations

As part of its growth strategy, Workwize has already experienced more than a threefold increase in its operations throughout 2024. The company boasts a client roster that includes major names like Adyen, Elastic, EQT, and HelloFresh. Now, with the newly acquired funding, Workwize plans to escalate its growth trajectory by launching a U.S. office and doubling its workforce by 2025.

The company's significant investment in AI-driven automation not only places it at the forefront of innovation but also sets a new benchmark in IT asset management for modern enterprises that are increasingly operating in a borderless business environment. As remote work becomes the norm, the demand for solutions that address the complexities of managing a distributed workforce will only grow.

Strikingly, the platform’s features provide much more than just reduced administrative burdens. Workwize’s offerings include options like Mobile Device Management (MDM), compliance with necessary standards such as ISO, and sustainable practices that recycle or repurpose phased-out equipment.

By keeping its focus on technological integration and sustainability, Workwize continues to meet the evolving demands of international businesses. The feedback from clients has been overwhelmingly positive, applauding how the platform has transformed their operations into a much more manageable and efficient system.

In a nutshell, Workwize represents the future of IT asset management—one that is streamlined, automated, and ready to cater to the dynamic needs of a global workforce. With the significant backing it has received in this funding round, the company is poised to make significant waves in the industry.

For those interested in learning more about how Workwize is reshaping IT asset management, visit www.goworkwize.com.