Rewst, a Tampa, Florida-based purpose-built automation platform for Managed Service Providers (MSPs), has raised $31 million in Series B funding.
SaaS Investors
The round was led by Meritech Capital, with participation from existing investors OpenView, TDF Ventures, and Florida Funders.
Founded in 1999, Meritech Capital Partners is a venture capital firm based in Palo Alto, California. The firm seeks to invest in later-stage and growth-stage companies operating in the software, communication, and networking sectors.
Rewst Use of Funds
The company will use the funding to accelerate its growth and enhance its value to MSPs through the expansion of its product, customer success, education, and Robotic Operations Center (ROC) teams.
About Rewst
Founded in 2020, Rewst is an automation software company that develops a robotic automation software for managed service providers. The company offers a vendor-agnostic platform with 45 out-of-the-box integrations, enabling MSPs to connect their entire tech stack and automate various processes. Rewst aims to help MSPs save time and enhance their efficiency through automation.
Funding Details
Company: Rewst, Inc.
Raised: $31.0M
Round: Series B
Funding Month: January 2024
Lead Investors: Meritech Capital
Additional Investors: OpenView, TDF Ventures, and Florida Funders
Company Website: https://rewst.io/
Software Category: Robotic Process Automation (RPA)
Source: https://www.prnewswire.com/news-releases/rewst-raises-31-million-series-b-to-extend-leadership-in-msp-automation-market-302029581.html