Workwize, a world leader in IT hardware asset management, has raised a powerful $13 million in Series A funding to fuel its vision of fully automating the IT equipment lifecycle. Led by Klass Capital, with support from Peak and the Graduate Entrepreneur Fund, this funding round positions Workwize as a transformative force within the IT industry. The corporate goals to make use of the capital to reinforce its AI-driven automation platform and establish a U.S. office in early 2025.
said Michiel Meyer, CEO and co-founder of Workwize.
The Problem: Inefficient IT Asset Management for Global Teams
Modern businesses depend on distributed workforces, yet IT departments remain bogged down by repetitive, manual tasks. Managing procurement, deployment, maintenance, retrieval, and disposal of IT assets across geographies often requires juggling multiple vendors, navigating complex logistics, and meeting compliance standards.
Workwize’s recent survey of over 150 enterprises revealed that 48% of IT leaders rank operational efficiency and automation as their top priorities. Traditional asset management systems fail to handle these needs, relying heavily on manual interventions that cost IT teams precious hours and productivity.
The Solution: AI-Powered IT Lifecycle Automation
Workwize’s platform is a game-changer. By integrating advanced AI and automation, the platform eliminates the manual workload traditionally related to IT asset management. Key features include:
- End-to-End Automation: From procurement to disposal, Workwize automates your entire lifecycle of IT assets. For instance, if an overseas worker requires a laptop repair, Workwize handles shipping, repair coordination, and deployment of a alternative—all without human intervention.
- AI-Driven Insights: Workwize’s platform analyzes asset usage and predicts maintenance needs, helping organizations optimize resource allocation and reduce downtime.
- Zero-Touch Deployment: Devices arrive pre-configured with Mobile Device Management (MDM) integration, ensuring they’re secure and able to use straight out of the box.
- Sustainability and Compliance: The platform prioritizes eco-friendly disposal methods resembling recycling and repurposing, while maintaining compliance with ISO standards and GDPR guidelines.
This approach reduces IT management time from a mean of 27 hours to only 10 minutes per worker, allowing IT teams to concentrate on strategic initiatives reasonably than mundane tasks.
A Track Record of Success
Since its founding in 2021, Workwize has managed over 100,000 devices across greater than 100 countries, serving clients resembling Adyen, Elastic, EQT, and HelloFresh. The platform has facilitated over 22,000 on- and offboardings, saving IT managers greater than 80,000 hours through automated workflows.
As an illustration, Lepaya, a fast-growing customer, saved $44,000 annually and 400 hours per 12 months on offboarding tasks by leveraging Workwize’s self-service portal and workflow automation.
Strengthening Global Operations
With the Series A funding, Workwize is poised to expand its global footprint. The upcoming U.S. office will function a hub for growth, and the corporate plans to double its headcount in 2025. This expansion reflects Workwize’s commitment to meeting the demands of a borderless business environment.
said Will Anderson, Managing Partner at Klass Capital.
AI on the Core of Innovation
Workwize’s competitive edge lies in its modern use of AI to tackle probably the most pressing challenges in IT management:
- Proactive Maintenance: AI-driven analytics discover potential hardware issues before they occur, reducing downtime and repair costs.
- Smart Inventory Management: Real-time tracking of assets ensures full visibility into device locations, usage, and lifecycle stages.
- Automated Onboarding and Offboarding: Integration with HR systems like Energetic Directory and SCIM triggers automatic equipment deployment for brand new hires and locks devices upon worker departure.
- Global Vendor Network: AI optimizes vendor selection, ensuring fast delivery of IT assets to any location in as little as five days.
These capabilities allow firms to scale IT operations seamlessly, at the same time as they expand across continents.
Sustainability on the Forefront
Along with efficiency, Workwize emphasizes environmental responsibility. The platform enables organizations to repurpose outdated devices, reducing e-waste. Certified processes for wiping, recycling, and reselling IT assets be certain that sustainability goals align with operational needs.
said Meyer.
A Vision for the Future
As Workwize continues to grow, its focus stays on pushing the boundaries of what’s possible in IT management. By integrating AI and automation into every aspect of its platform, the corporate is setting a brand new standard for global IT operations.
The Series A funding marks a major milestone in Workwize’s journey, however it’s only the start. With a proven track record, a growing client base, and daring plans for expansion, Workwize is well on its technique to becoming the go-to platform for IT asset management worldwide.
