accessiBe secured $12M in Funding round backed by K1 Investment Management

accessiBe, a Tel-Aviv, Israel based provider of an Artificial Intelligence-powered web accessibility solutions, has now secured $12 million in the latest funding round.

accessiBe, is founded by the Shir Ekerling in the year 2018. It automates the process by which companies and website owners make their content accessible to users with hearing, visual, and motor impairments as well as some other functional disabilities. The total funding company raised is $12.5M in funding over 2 rounds.

It’s an AI-based solution scans website and automatically offers key modifications to transmit data and accessible content to end-users in a manner compliant with the international and US disability standards, which includes the Web Content Accessibility Guidelines and the Americans with Disabilities Act.

Executive Opinion

Shir Ekerling, Co-founder and CEO of accessiBe, said, "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.  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, "K1 is excited to partner with Shir Ekerling and the accessiBe team as they continue their rapid global expansion. 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."

accessiBe's Latest Funding

K1 Investment Management led the latest funding round.

The company as of now has plans to use the new funds to build on its growth trajectory, scale its operations team in America, and support its partners and customers.