Innovapptive Raises Series B Funding Led by Vista Equity Partners for Growth
- ByStartupStory | May 9, 2023
Innovapptive Inc., a prominent provider of SaaS-based Connected Worker Solutions, has announced a Series B funding round led by Vista Equity Partners, a global investment firm specializing in enterprise software, data, and technology-enabled businesses. Tiger Global Management, an existing investor, also participated in the funding round. The investment will enable Innovapptive to speed up product innovation, penetrate new regional markets, and solidify its position as a leader in the growing connected worker software market. The funding round underscores Innovapptive’s commitment to delivering innovative solutions that empower connected workers and drive business growth.
Innovapptive’s Connected Worker Solutions are designed to improve worker productivity, asset uptime, safety, compliance, and training across various industries, including energy, mining, metals, utilities, chemicals, and industrial manufacturing.
The company’s no-code platform is patented and acts as a bridge between maintenance, operations, and warehouse teams by linking front-line workers, assets, and data sources from back-office systems. Innovapptive’s platform is leveraged by numerous Fortune 500 companies in asset-intensive sectors. This underscores the effectiveness and scalability of Innovapptive’s solutions in meeting the unique needs of different industries.
Innovapptive’s Founder and CEO, Sundeep Ravande, expressed his enthusiasm about the collaboration with Vista and their expertise in scaling enterprise software and emerging technologies. The partnership aims to drive Innovapptive’s vision, enhance its product innovation, and expand its market reach while bolstering its platform’s capabilities for seamless integration with enterprise systems, providing valuable insights, and boosting productivity and safety.
This collaboration highlights Innovapptive’s commitment to providing cutting-edge solutions to its customers in various asset-intensive sectors, helping them stay ahead of the curve in a rapidly evolving market.
Vista Equity Partners invested in Innovapptive through its Endeavour Fund, which backs successful enterprise software, data, and technology-enabled firms that have attained over $10 million in recurring revenue. Ben Benson, Senior Vice President at Vista, was appointed to Innovapptive’s Board of Directors. Rachel Arnold, Co-Head of Vista’s Endeavour Fund and Senior Managing Director, hailed Innovapptive as an emerging leader in the connected worker software sector, emphasizing the company’s potential for sustained growth and success.
Innovapptive, based in Houston, TX, and with offices in Australia and India, delivers a no-code connected worker platform with a suite of integrated apps that can seamlessly integrate with enterprise APM, EAM, and ERP systems. The platform is designed to enhance operational efficiency, safety, compliance, asset uptime, and reliability for some of the world’s largest asset-intensive customers.
Vista Equity Partners manages over $96 billion in assets as of December 31, 2022, and is a renowned global investment firm. It specializes in investing in enterprise software, data, and technology-enabled companies using various strategies to create lasting market value for its investors, companies, customers, and employees worldwide.
Calling all entrepreneurs, investors and business owners! The wait is finally over. The 2nd edition of Startup Story B2B Connect is back with a bang – and this time, we’re taking it up a notch. With more startups, more investors and bigger opportunities than ever before, this is your chance to connect, collaborate and take your business to the next level. Get ready for an unforgettable networking experience that’s set to change the game. Stay tuned for all the exciting updates! Register Now Here.
Follow Startup Story
Related Posts
