Rewest, a Tampa, FL-based supplier of an automation platform for managed service suppliers, raised $45M in funding.
The spherical, which introduced the overall raised to $104m, was led by Sapphire Ventures, with participation from present traders Meritech Capital and OpenView.
The corporate intends to make use of the funds to speed up the tempo of innovation for its RPA platform whereas investing in neighborhood, schooling, and assist to assist MSPs drive optimum enterprise worth from automation.
Based in 2020 and led by CEO Aharon Chernin, Rewst focuses on offering a purpose-built automation platform for Managed Service Suppliers to enhance operational effectivity, service supply, and buyer satisfaction. Utilizing Rewst, MSPs can join their instruments and automate end-to-end processes, both by putting in pre-built automations (known as Crates) or by constructing their very own customized workflows. Since its founding, the corporate has regularly innovated its platform pushed by a concentrate on listening to prospects, encouraging suggestions, and constructing in public. Further improvements embrace RoboRewsty, which harnesses OpenAI to simplify the automation-building course of; Customized Integrations, which generates actions that can be utilized in workflows by dragging and dropping a Swagger or OpenAPI doc; and Model Management, which permits customers to see their workflow historical past, choose a previous model, and revert with only a click on.
The funding adopted Rewst’s speedy progress. Within the first half of 2024, Annual Recurring Income (ARR) grew 182 % 12 months over 12 months, whereas complete prospects elevated 204 %. The corporate doubled its headcount, constructing out its Engineering, Buyer Success, Schooling, and Robotic Operations Heart (ROC) groups to ship extra options quicker, and higher assist its buyer base. Immediately, Rewst has greater than 900 MSPs, with a big base in North America and a presence within the EU and APAC.
The corporate gives quite a lot of channels for MSPs to attach with, study from, and assist one another. At present, 92% of shoppers take part in its Discord server, with greater than 2,000 customers answering questions, troubleshooting points, and sharing concepts. Rewst additionally hosts a weekly Open Mic name, the place MSPs demo workflows they’ve constructed, inspiring their friends with extra concepts for processes to automate.
FinSMEs
08/08/2024
