The leading SaaS-based worker solution company, Innovapptive Inc recently disclosed its successful Series B funding round. The funding was spearheaded by Vista Equity Partners, a renowned global investment company specializing in technology-enabled enterprises, data, and enterprise software.
This funding round also involved its existing investor, Tiger Global Management. With the investment received, Innovapptive is planning to speed up its product development, penetrate new geographical markets, and reinforce its standing in the growing connected worker sector.
Innovapptive offers Connected Worker Solutions designed to improve various aspects of work across different industries. These solutions aim to boost worker productivity, training, compliance, safety, and asset uptime. Innovapptive caters to a wide range of sectors, including but not limited to mining, energy, utilities, chemicals, and metals.
The company has also patented a no-code platform to seamlessly connect assets, front-line labors and data resources from back-office, facilitate collaboration among warehouse teams, operations, and maintenance. Many Fortune 500 asset-intensive companies use Innovapptive’s platform to streamline their operations.
Vista made this investment through its own Endeavour Fund, which is designed to provide backing to rapidly growing, top-performing businesses in the data, technology, and software sectors. The selected companies must have a minimum of $10 million in consistent revenue to qualify for this support.
In a statement, Sundeep Ravande, the CEO and Founder of Innovapptive, shared his enthusiasm for the company’s partnership with Vista.
He highlighted the value that Vista brings to the table with their expertise in growing enterprise software businesses and navigating the latest technological developments. The collaboration is expected to accelerate Innovapptive’s progress towards achieving its goals, particularly in the areas of product innovation and market reach.