Israeli AI-Powered Web Accessibility Company AccessiBe Raises $12M
Israeli web accessibility solutions startup accessiBe raised $12 million in an investment round by K1 Investment Management, the company announced on Wednesday.
Founded in 2018, accessiBe 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. Web accessibility is mandatory in the US and Europe is set to follow suit in the coming years.
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,” the company said in a statement.
AccessiBe’s AI-based solution scans websites and automatically provides key modifications to transmit data and accessible content to end-users in compliance with international and US disability standards, including Web Content Accessibility Guidelines (“WCAG”) and the Americans with Disabilities Act (“ADA”). The company has over 20,000 paying customers.
AccessiBe says the new investment will help it scale operations in North America and support its customers and partners.
“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.”
Mike Velcich, principal at K1 said: “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.”