Web Accessibility Solution accessiBe Clinches $12 Million in Funding from K1 Capital
accessiBe, a web accessibility solution provider announced that it secured $12 million in funding from leading investment firm K1 Investment Management, LLC. The added capital is expected to enable accessiBe to explore further growth by expanding its presence in the North American market and enhancing its support systems for its clients.
accessiBe promotes web accessibility at a global scale. Its solution enables site owners to easily comply with the Web Content Accessibility Guidelines (WCAG) which is a set of standards for websites to follow for them to be accessed properly by people with disabilities. The company pioneers the use of artificial intelligence (AI) to automate the process of identifying accessibility issues of any website and performing the necessary adjustments for it to achieve WCAG compliance.
In its own study of 10 million web pages, accessiBe found that almost all pages failed to completely comply with accessibility standards. This general lack of compliance makes it difficult for people with disabilities to use websites and consume web content.
Various efforts now seek to address this disparity, using laws such as the American Disabilities Act (ADA) to compel companies to make their websites and services available to all. Last year, the US Supreme Court upheld a ruling of its lower court, saying that the ADA does apply to websites and apps and that companies should provide equal access to their digital channels.
By providing easier means to achieve WCAG and ADA compliance, accessiBe helps companies avoid potentially damaging and costly lawsuits. More importantly, it enables companies to open up their services and channels to the people with disabilities which is a demographic has largely been underserved.
accessiBe is currently being used by over businesses, organizations, and nonprofits to keep their respective websites accessible. It also has a partnership program with web development platforms and design agencies such as RealPage,
BigCommerce, Volusion, and Digital Ocean to bring web accessibility to their respective clients.
The investment from K1 comes as a major development for accessiBe. The funding should provide the company with the resources to further develop its solution and improve its customer base. The investment firm also brings experience and stewardship, having previously invested in various successful enterprise software companies such as Apttus, Clarizen, Onit, and Zapproved.