Israeli web accessibility company accessiBe today announced the conclusion of its Series A financing round with raising $ 16 million from K1 Investment Management. In addition to the $ 12 million raised from K1 in May 2020, this brings the rounmd’s value to $ 28 million. The company said its annual recurring revenue has grown more than 3.5 times in the past 12 months, leading to additional financing from K1. Related Materials AI web accessibility raises US $ 12 million. The company was founded in 2018 by CEO Sher Eckerling, CRO Gal Feisel, and COO DikleScope. AccessiBe has 75 employees in Ramat Gan, up from 47 when it raised money last May. AccessiBe plans to use the funds to significantly expand its US presence, expanding its R&D division. “For millions of consumers with disabilities around the world, online shopping, digital entertainment, and even important public health information are out of reach, locked away in inaccessible locations.” Volume of business, we are changing this reality. ” Educating the market and increasing awareness of the issue of web accessibility are among the main goals of accessing the web. Covid-19 and the digital transformation that it sparked has helped bring attention to the need for accessible sites, and the accessiBe team plans to keep the issue on the forefront for website owners and businesses. AccessiBe uses two apps that together achieve full compliance. The Accessibility Interface is responsible for all modifications related to the UI and design, while the AI-powered background process deals with the most complex requirements – optimization of screen readers and keyboard navigation. The company’s plan to continue investing in research and development is critical in accelerating its growth and improving its products. AccessiBe is hiring individuals with disabilities to test its solution and advise on further improvements, and over the next few months, the company plans to significantly increase the number of people with disabilities on payroll for its testing and consulting focus groups. Posted by Globes, Israel business news – en.globes.co.il – February 10, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
The Israeli internet access company collects $ 16 million
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