Houston and Hyderabad based Innovapptive, which is one of the leading workforce platforms for the asset-intensive industries, today revealed that it has now secured $16.3 million in the fresh funding round which is led by the Tiger Global Management LLC.
The new funds will be going to be used for the fund Innovapptive continued global expansion and for some other further investment in its connected workforce platform. The new funding will also bring the company valuation to more than $65 Million.
Innovapptive was founded by the Ex-IBM senior leaders, Sundeep, and Hari in the year 2012. The platform digitally connects the entire industrial workforce, back office and executives to minimize the plant outages and improve operational excellence.
“We are connecting the enterprise by providing a platform that improves real-time data collaboration and communications between the field and back office. The communications and collaboration data are captured and converted into executive insights for continuous workforce optimization,” said Sundeep Ravande, CEO and Co-founder of Innovapptive. “This additional capital will allow us to accelerate our strategy and development to transform the digital experience of the industrial worker to help increase revenues & margins for our customers.”
Picture Credits: Innovapptive