accessiBe, a Tel Aviv-based provider of AI-powered web accessibility solutions, today announced it closed a significant investment from K1 Investment Management (“K1”), an investment firm focusing on high-growth enterprise software companies.
The $12 million investment provides accessiBe with significant resources to build on its strong growth trajectory, aggressively scale operations in North America, and support its tens of thousands of customers and partners, the firm said.
accessiBe’s product automates the process by which companies and website owners make their content accessible to users with visual, hearing and motor impairments, as well as other functional disabilities.
The company’s AI-based solution scans websites and automatically provides key modifications to transmit data and accessible content to end-users in a manner compliant with international and US disability standards, including Web Content Accessibility Guidelines (“WCAG”) and the Americans with Disabilities Act (“ADA”).
“What excites us most about our partnership with K1 is that now, with the amazing support of our investors, we can bring accessibility to the world,” said Shir Ekerling, co-founder and CEO of accessiBe. “Our vision is to make the internet truly accessible to everyone. By utilizing machine learning, our solution can help millions of businesses comply with legislation and avoid lawsuits on the one hand, while enabling users with disabilities to browse the internet effectively on the other. It’s a win-win.”
Founded in 2018, accesiBe has partnerships with DigitalOcean, BigCommerce, RealPage, Volusion, and WebFX to reach as many businesses as possible.
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accessiBe also helps businesses uncover lost revenue opportunities from disabled users who would not otherwise be able to access their online presence to purchase goods and services.
“Our mission is to bring web development within the technical and economic reach of anyone in the world,” said Aaron Geller, GTM lead at DigitalOcean.
“To that end, we are excited to collaborate with accessiBe to make the internet fully accessible and make it easier for anyone to build their dream,” he added.
Increased demand for website compliance and accessibility
Digital accessibility for businesses worldwide has become a focus for many firms due to landmark recent litigation. SMBs now look for a solution that facilitates website compliance and accessibility.
“K1 is excited to partner with Shir Ekerling and the accessiBe team as they continue their rapid global expansion,” said Mike Velcich, principal at K1. “accessiBe has a highly differentiated product and unique approach to solving a critical need for all businesses with a web presence. The company helps its customers create a digital presence that is accessible to all visitors and potential customers.”
K1 is a global investment firm with over 90 professionals, assisting high-growth businesses to achieve successful outcomes. It invests alongside strong management teams that continue to guide their organisations on a day-to-day basis.