Innovapptive, a connected workforce platform for asset-intensive industries, has raised a Series A investment of $16.3 Mn led by New York investment firm Tiger Global Management, LLC.
The new funding, which brings the company's valuation to over $65 Mn, will be utilized for the company's global expansion and for further investment in its connected workforce platform.
Sundeep Ravande, CEO and co-founder of Innovapptive stated, “We are connecting the enterprise by providing a platform that improves real-time data collaboration and communications between the field and back office. The communications and collaboration data are captured and converted into executive insights for continuous workforce optimization.”
The company's connected workforce platform connects the industry worker, back office and company leadership to help customers minimize plant outages by reducing maintenance backlogs, improving inventory accuracy, workforce capacity and data accuracy.
Scott Shleifer, Partner at Tiger Global Management stated, “Innovapptive has developed a leadership position helping industrial companies improve the productivity of their employees and their capital assets.”
Headquartered in Houston, Texas with offices in Australia, Netherlands, and India, the startup aims to improve operational excellence and transform the experience of the industrial worker to increase revenues and margins for its customers.