Assembly Line

weavix® Secures $23.6 Million in Series B Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: weavix, Insight Partners, Koch

weavix, the Wichita-based technology firm specializing in frontline communication and efficiency solutions, announced today it has successfully raised $23.6 million in its latest Series B funding round. The investment was led by global software investor Insight Partners, with participation from Four More Capital, The Friedkin Group, and Perkins Coie. As strategic partners and leaders in the industrial world, they now join Koch Disruptive Technologies, which previously invested $10 million in Series A funding in January 2022.

With this new funding, weavix intends to expand its product offerings and strengthen its market presence in industries such as manufacturing, construction, food and beverage production, hospitality, and energy. The funds raised will be primarily allocated to rapidly scale operations across the United States to meet demand and secure the position as the leading frontline worker platform benefiting the hands-on workforce through employee communication to drive engagement, enablement, and retainment.

Read more at PR Newswire