Fintech Funding News

weavix Secures $10 Million in Series A Funding From Koch Disruptive Technologies

weavix Secures $10 Million in Series A Funding From Koch Disruptive Technologies

Positioned as a leader in digital transformation across industries, weavix announced a $10 million Series A funding round from Koch Disruptive Technologies (KDT), the growth and venture arm of Koch Industries, Inc., a fellow Wichita company.

This investment will be used to accelerate the growth of the company’s communication, safety and productivity platform, along with further developments of its walt™ smart radio.

As a platform, weavix creates a seamless communication ecosystem enterprise-wide. Just as smartphones transformed the way people stay connected, weavix™ is leading the revolution toward smart radios, which provide greater visibility and enable better insights for entire businesses, with capabilities including Enterprise-Vital Push-to-Three (EVPT3) and other multimedia features. These capabilities allow the frontline workforce, with its global population exceeding 2.7 billion, the opportunity to communicate more effectively and reliably than with traditional analog radios.

Latest Fintech News: Options Announces Partnership with Tools for Brokers Following Successful Integration with ACTIV API

weavix’s Internet of Workers™ platform, powered by Microsoft Azure® private multi-access edge compute (MEC) solutions, is the first of its kind to generate frontline efficiency and safety data and give executives complete visibility into their facilities. Its communication capabilities empower the global frontline workforce, which has historically been ignored by modern innovations.

This partnership with KDT will not only bring the Koch Labs® capability linking it with teams across Koch, but it will also provide access to KDT’s deep connections with Microsoft and other critical ecosystem partners, creating additional opportunities to develop innovative solutions for industrial customers.

“This investment from KDT will help us rapidly transform how the ‘hands-on’ worker becomes safer and more productive through our innovative, wearable technology,” said weavix Founder and CEO Kevin Turpin, a seasoned entrepreneur with extensive experience in industrial services. “And it’s especially exciting because we’ll have the opportunity to work alongside Koch companies as we refine and iterate new products for our growing customer base.”

Latest Fintech News: The Patriot Financial Group Affiliates with Cetera

Each component of the platform is designed to create a single source of truth for enterprises. Globally, weavix™ has been used to increase collaboration across facilities, enhance safety protocols, automate workflows and provide data-driven insights to maximize productivity and enable higher-value tasks.

“Kevin’s experience in industrial services, on the frontline, gave him the extensive experience required to develop a platform like weavix, which has the potential to truly improve how facilities of all sizes operate,” said KDT Managing Director Adam DeWolf. “As a benefit of Koch Labs, weavix will be able to tap into Koch’s diverse ecosystem of subject matter experts, businesses, and capabilities to grow its operations, as well as deploy technology within facilities across our businesses. We’re looking forward to seeing how our employees benefit from the innovative technology, while also providing real-world feedback to the weavix team.”

Latest Fintech News: Allied Payment Network Adds Kathi Klawitter to Leadership Team as Chief Operating Officer

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Blockchain Association for Finance Announces New Board

Fintech News Desk

Persistent Systems and ValidSoft Deliver New Secure Digital Voice Authentication Capabilities for Banking and Credit Unions

Fintech News Desk

Protagonist Launches $100 Million Crypto Fund to Support the Development and Adoption of Emerging Blockchain Protocols

Fintech News Desk
1