Rapid adoption by Fortune 500 customers as Evinced pioneers and expands its powerful, convenient and intelligent software suite for developing accessible websites and mobile apps
PALO ALTO, California.† June 23, 2022 /PRNewswire/ — proventhe leading software company enabling accessible web and mobile development today announces a $38 million Series B financing round. The round was led by global software investor Insight Partners with the participation of existing investors M12 (Microsoft’s venture fund), BGV, Capital One Ventures and Engineering Capital, bringing the total raised to date to $57 million†
A software-first approach
Large companies know it makes business sense to ensure the widest possible access to their websites and mobile apps. Still, the traditional approach for companies has been to rely on expensive, infrequent manual audits and large, mostly remote, service consulting teams as a way to guide their developers.
Evinced’s software-first approach means that accessibility is built into every line of code developers commit to the software development cycle. This allows internal accessibility resources to build effective partnerships with internal technical leadership, dramatically improving speed to market and minimizing business risk.
“What we’re seeing is a pent-up demand,” says co-founder and CEO Navin Thadanic† “As we’ve resolved most of the technical issues that left large enterprises reliant on a manual approach to digital accessibility in the first place, they’re excited to see that they can finally truly ‘switch left’, enabling everyone – customers, employees, and the world – a winner.”
Since its launch in 2021, Evinced’s web and mobile accessibility solutions have been seamlessly integrated into the business development process of many forward-thinking companies, including:
- Four of the country’s 10 largest financial institutions
- Two of the three largest B2B SaaS companies in the country
- One of the five largest healthcare companies in the country
Evinced’s technical advancements enable automatic detection, clustering, and tracking of accessibility issues that were previously only possible through difficult manual processes:
- Evinced identifies accessibility issues for screen reader and keyboard users, and uses computer vision to understand the context of each element on a screen.
- Evinced uses AI to spot color contrast problems on complex backgrounds.
- Evinced analyzes a site’s accessibility issues according to the coding practices behind each of the issues. These “components” help customers know where to get the most accessibility improvements with limited resources.
- Evinced tracks accessibility issues over time and automatically knows which issues are new and which ones already exist, and can even track the solution.
Growing market – and the need for mobile
At least 2.2 billion people depend on assistive technology to communicate effectively with websites and mobile applications. Now, with stricter ADA compliance rules and an increase in web accessibility lawsuits, the need for digital accessibility is greater than ever.
“As a former operator, thorough accessibility testing was something my teams knew mattered, but we could never get our heads around it,” said Michael Yamnitsky, director at Insight Partners. “Evinced ‘just works’ and is quickly being adopted by today’s leading brands. We’re excited to partner with the team as they make accessibility testing a standard part of the development pipeline.”
Another exciting aspect of Evinced’s Series B financing is the continued expansion of its mobile offering. Last year, Evinced launched the industry’s first complete portfolio of products that enable business developers to integrate accessibility into their mobile app development process for iOS and Android. Since more than 70 percent of internet users are expected to use only their smartphones to get online by 2025, Evinced mobile accessibility solutions are built for scale and can be used by any enterprise developer looking to test a mobile app for critical issues. accessibility issues.
Since its launch in 2021, Evinced has been the leading software for integrating accessibility into web and mobile development at the world’s largest, most committed accessibility companies. With Evinced’s powerful suite of tools, developers and accessibility professionals can automatically find, cluster, and track accessibility issues, reduce reliance on manual processes, minimize risk, and accelerate time to market. Evinced is headquartered in Californiawith offices in the US, Europeand Israeland is backed by leading investors such as Insight Partners, M12 (Microsoft’s venture arm), BGV, Capital One Ventures and others.
For more information, visit: https://www.evinced.com/
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software and internet startup and ScaleUp companies driving transformative change in their industry. From February 24, 2022the close of the company’s recent fundraising, Fund XII, brings Insight Partners’ regulatory assets under management to more than $90B† Insight Partners has invested in more than 600 companies worldwide and has seen more than 55 portfolio companies go public. headquarters in New York CityInsight has offices in London† Tel Avivand Palo Alto† Insight’s mission is to find, fund and successfully partner with visionary executives by providing them with hands-on, hands-on software expertise to drive long-term success. Insight Partners meets great software leaders where they are in their growth path, from their first investment to IPO. To learn more about Insight and all of its investments, visit Insightpartners.com or follow us on Twitter @insightpartners.
SOURCE Evinced / BAM Communications