PE Fund Investments
Industrial automation s'ware maker Innovapptive raises funding from Vista Equity, Tiger Global
Innovapptive, a Hyderabad- and Houston, TX (USA)-based provider of SaaS-enabled connected worker solutions, has raised a Series B investment led by Vista Equity Partners with participation from existing investor Tiger Global Management. With offices in USA, Australia and India, Innovapptive will leverage the investment to accelerate product innovation, expand into new regional markets, and strengthen its position in the emerging connected worker software category. Innovapptive claims that its connected worker solutions enhance asset uptime, worker productivity, safety, training, and compliance across industries such as energy, mining, metals, utilities, chemicals, and industrial manufacturing. Vista's investment was made through its Endeavour Fund, which supports high-growth, market-leading enterprise software, data, and technology-enabled companies that have achieved at least USD 10 million in recurring revenue.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
