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Evinced Raises $55 Million to Lead in AI-Driven Digital Accessibility Solutions

Evinced, a prominent player in the digital accessibility sector, has recently announced securing $55 million in Series C funding, bringing its total capital raised to $112 million. This financial boost, primarily led by Insight Partners, with participation from notable investors including Microsoft's M12, BGV, Capital One Ventures, and newcomer Vertex Ventures, positions Evinced at the forefront of AI-driven accessibility solutions.

The Growing Importance of Digital Accessibility

With increasing regulatory scrutiny and a growing recognition of the need for inclusivity in digital spaces, companies are prioritizing accessibility as a core feature in their development processes. Evinced offers a range of tools tailored for designers, developers, and QA engineers, enabling them to seamlessly incorporate accessibility at every stage of the development lifecycle. The company's innovative approach combines AI-driven detection of potential issues with actionable solutions, transforming how organizations ensure their digital platforms are accessible.

Strategic Investments Ahead

Evinced plans to allocate the newly acquired funding to enhance growth in several key areas:
1. European Expansion: The company aims to strengthen its presence in Europe, where regulatory demands for digital accessibility are increasing.
2. Sales and Customer Success Teams: Investments will be made to bolster Evinced's global sales force and customer service infrastructure to meet rising demand effectively.
3. R&D in Generative AI: Enhancing research and development capabilities in generative AI will enable Evinced to drive innovation in their accessibility solutions.
4. New Product Development: The company is keen on launching new offerings to adapt to the evolving market landscape and consumer needs.

Acknowledgment from the Industry

Navin Thadani, CEO and founder of Evinced, remarked, "This funding round is a clear indication that digital accessibility is now a business imperative, not just an option. The ongoing support from our investors alongside Vertex Ventures’ involvement reflects their confidence in our capacity to tackle accessibility challenges at scale."

This funding comes at a time when many organizations recognize the limitations of traditional approaches to accessibility, which often involve tedious manual audits. Evinced's platform provides an efficient alternative that integrates accessibility directly into the software development lifecycle.

Rapid Adoption by Industry Leaders

The traction Evinced has gained since its inception in 2021 is significant, with its tools being trusted by numerous influential companies across various sectors. This includes financial institutions managing a staggering $26 trillion in assets, major media corporations, prominent B2B SaaS companies, and healthcare giants.

Michael Yamnitsky from Insight Partners stated, "Evinced brings an AI-driven platform approach to accessibility management, replacing expensive and tedious manual audits and ad-hoc solutions. We couldn't be more thrilled to support them on their mission to embed accessibility into the software development lifecycle."

Future Outlook

Looking ahead, Evinced is poised for continued growth as it navigates the shifting landscape of digital accessibility driven by both regulatory requirements and the growing demand for inclusivity. As the ADA is interpreted concerning digital assets and European legislation mandates accessibility, companies will increasingly turn to Evinced's innovative solutions to meet their obligations.

To explore the full suite of Evinced's products, visit www.evinced.com.

About Evinced

Founded in 2021, Evinced is dedicated to offering the leading software solutions for embedding accessibility into the development of web and mobile applications. With a focus on automation and efficiency, Evinced helps organizations identify and manage accessibility issues using a robust platform that minimizes reliance on manual checks and accelerates the pathway to market with inclusive digital experiences.

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