SUMMARY
- A leader in AI-driven digital accessibility solutions, raised $55 million in Series C funding and has now reached a total of $112 million.
- The round was led by Insight Partners, with participation from M12 (Microsoft's venture fund), BGV, Capital One Ventures, Engineering Capital, and Vertex Ventures.
- The funds will be used to fuel global expansion, enhance generative AI solutions, grow sales and customer success teams and accelerate new product development.
- Trusted by global companies, including financial institutions managing $26 trillion in assets, media giants, top SaaS firms, healthcare providers and retailers.
Evinced Raises $55M in Series C to Accelerate AI-Powered Digital Accessibility Solutions
Evinced, a leader in AI-powered accessibility solutions, announced the successful close of its $55 million Series C funding round, bringing its total funding to $112 million. The round was led by Insight Partners and included existing investors M12 (Microsoft's venture fund), BGV, Capital One Ventures, and Engineering Capital alongside new investor Vertex Ventures.
Scaling Accessibility Innovation.
Evinced’s solutions address a growing imperative in digital accessibility, ensuring companies can integrate compliance and inclusivity throughout the development lifecycle. Its AI-powered tools automate the detection of accessibility issues, cluster similar defects, and provide actionable fixes, significantly reducing reliance on time-consuming manual audits.
The latest funding will enable Evinced to accelerate its mission by:
- Expanding in Europe: To capitalize on stricter regulatory requirements, including June 2025 compliance deadlines.
- Expanding Sales and Customer Success Teams: Enhancing international capabilities to keep up with demand.
- Continuing R&D on Generative AI: Improving its foundational technologies to achieve scale and reliability.
- Introducing New Products: Ensuring new products and technologies can be used in new, more accessible ways.
Navin Thadani, co-founder and CEO of Evinced, says that getting accessibility right at the point of development avoids costly disruptions during the process. He also mentions the fact that including accessibility from the design and development process creates an inclusive product economically.
Global Trust and Adoption
- Managing $26 trillion in assets for financial institutions.
- Five of the ten largest US and UK media companies.
- Three of the five largest B2B SaaS firms in the US.
- Three of the ten largest US healthcare companies.
- Two of the five largest US retailers.
This adoption further solidifies Evinced's critical role in helping enterprises comply and build user experiences that are accessible to everyone.
Michael Yamnitsky, a Managing Director at Insight Partners, reiterates belief in Evinced's revolutionary approach toward accessibility with AI-led solutions focusing on removing unnecessary, laborious inefficiencies of humans from software and introducing inclusive methods of development
Meeting Accessibility with AI
Digital interaction has brought accessibility to the fore through evolving regulations such as the Americans with Disabilities Act (ADA) and European statutes. Traditional approaches to accessibility based on post-development audits are no longer good enough for today's dynamic digital landscape.Evinced's generative AI-based solutions mark a paradigm shift by allowing for real-time detection and resolution of accessibility issues during development. This proactive approach reduces risk, improves time-to-market, and enhances user experiences for people with disabilities.