Rever Secures $2.25M from Sequoia Capital and Zetta Venture Partners
1 minute, 38 seconds read
Rever obtains $2.25M in seed funding from Silicon Valley investors
Menlo Park, CA – Oct. 30, 2018
Rever, the comprehensive frontline innovation solution, announced today it has been awarded US$2.25M by Sequoia Capital and Zetta Venture Partners. Sequoia specializes in incubation, seed stage, and startup. They have invested in over 250 companies, notable companies including Apple, Google, PayPal, 23andMe. This is Sequoia’s first known investment in a Mexico-based startup. Zetta, the first fund focused on the Intelligent Enterprise, invests primarily AI-first startups with B2B business models.
“2.5 billion people in the world do not use any technology at work, and Rever looks to improve work conditions and boost talent through their platform,” said Sequoia Capital partner Bryan Schreier. “This tech will make a big difference in these people’s lives.”
“The strength of Rever’s product lies in its democratization of the process of objectively evaluating an idea for improvement, then finding the most effective distribution channels to implement the improvement at all the affected places in customer’s organization, magnifying the impact of a seemingly minor improvement,” said Zetta Venture Partners.
Read more about Zetta’s decision to invest in Rever here.
Rever is the first comprehensive frontline innovation solution focused on empowering frontline workers to drive innovation and performance improvement. It’s simple-to-use mobile interface enables frontline workers to document, experiment, and implement new ideas, while creating a frontline network for collaboration and sharing of ideas across teams. Rever’s SaaS platform integrates frontline activity into Industry 4.0 transformation.
Purpose-built for companies in the manufacturing industry, Rever enables efficient improvement initiatives and problem-solving from simple quick fixes to complex innovation. Backed by Sequoia Capital and Zetta Venture Partners, Rever is headquartered in San Mateo with sister offices in Guadalajara and Barcelona. To learn more, please visit us at reverscore.com. Join us on LinkedIn and follow us on Twitter.
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