Rewst, a startup developer of robotic process automation technology for MSPs, has raised $31 million in Series B funding. The funding will be used to expand Rewst’s product and robotic operations center (ROC) teams, as well as to support customer success and educate MSPs about the platform. The ROC team will double in size to around 30 people, allowing Rewst to provide faster response times to MSPs. Additionally, the funding will go towards the development of Rewst’s App platform, a low-code application builder that enhances efficiency and helps MSPs differentiate themselves through front-end experiences. To date, Rewst has raised a total of $59 million in funding since its launch in 2020.
The funding round was led by Meritech Capital, with participation from existing investors OpenView, TDF Ventures, and Florida Funders. Rewst’s CEO, Aharon Chernin, highlighted the importance of an independent automation platform that supports all PSA and RMM platforms, rather than picking a winner from the large players in the market. Chernin emphasized that automation platforms do not replace people, but rather empower them to focus on more challenging tasks. Rewst aims to foster collaboration among MSPs and provide a marketplace of pre-built automations that can be customized to fit individual operations.
This funding round will not only support the expansion of Rewst’s team but also contribute to the development and launch of the App platform. MSPs are already expressing excitement about the platform, which is expected to be a game changer in terms of what they can deliver to their clients. Chernin predicts that MSPs will increasingly collaborate with each other on automation, and this is already happening on the official Rewst Discord channel. One of the key differentiators of Rewst’s platform is its flexibility and customization options, allowing MSPs to tailor automations to their specific needs. The goal is for Rewst to integrate with all PSA and RMM platforms to provide an independent and comprehensive automation solution.
Source: CRN