Rewst
Overview
Rewst is a prominent provider of Robotic Process Automation (RPA) technology specifically designed for Managed Service Providers (MSPs). Founded in 2021 by Aharon Chernin and Gary Pica, the company is headquartered in Tampa, Florida. As of recent records, Rewst has raised approximately $108 million across six funding rounds, with its most recent Series C round securing $45 million. The platform aims to enhance MSP operations by automating complex workflows and streamlining service delivery processes.
Recent Developments
- August 2024: Rewst raised $45 million in a Series C funding round led by Sapphire Ventures, with participation from Meritech Capital and OpenView. This funding is set to drive further innovation in Rewst's automation platform for MSPs and expand its customer base.
- First Half of 2024: The company reported significant growth, with a 182% increase in Annual Recurring Revenue (ARR) and a 204% rise in customer numbers. Rewst now serves over 900 MSPs globally, highlighting its expanding influence in the RPA market.
- Community Engagement: Rewst places a strong emphasis on community-building, with 92% of its customers actively participating in its Discord server to share ideas and resolve issues. The company hosted its inaugural FLOW conference, a vendor-agnostic event focused on automation strategies for MSPs.
- Product Innovation: Rewst continues to evolve its platform with features such as Dynamic Forms and the App Platform, which aids in building branded web apps, enhancing user experience, and simplifying automation processes.
- Strategic Initiatives: In response to market demand, Rewst has been scaling its team across various departments, notably engineering and customer success, to better support and enhance the user experience.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Tampa, Florida |
| Founders | Aharon Chernin, Gary Pica |
| Revenue | Undisclosed |
| Profits | Undisclosed |
| Key Investors | Sapphire Ventures, Meritech Capital Partners, OpenView Venture Partners |
| Industry | Business/Productivity Software |
| Number of Employees | Approximately 100 |
Early History
Rewst was founded in 2021 in Tampa, Florida, with a mission to revolutionize automation processes for Managed Service Providers. The company quickly gained traction in the RPA sector by providing a platform that enables MSPs to build customized workflows without the need for extensive coding. In its early days, Rewst focused on establishing a robust foundation for its technology and securing initial funding to drive development. The company's dedication to listening to customer needs and innovating based on feedback has been a cornerstone of its strategy, helping it establish a strong market presence.
Company Profile and Achievements
Rewst specializes in developing RPA solutions tailored for MSP environments. The platform offers a low-code/no-code interface that integrates seamlessly with existing MSP tools, allowing service providers to automate routine tasks such as ticket triage, security operations, and client onboarding. Key achievements include:
- Funding Success: Raised a total of $108 million, with significant investment from Sapphire Ventures, positioning Rewst to scale operations and enhance its platform.
- Exceptional Growth: Witnessed a dramatic increase in both ARR and customer base, reflecting Rewst's growing reputation and the effectiveness of its product.
- Product Development: Continuously introducing new features like Dynamic Forms, RoboRewsty (an AI-driven process), and App Platform capabilities to meet evolving market needs.
- Industry Recognition: Established a strong community presence and hosted various initiatives to engage and educate MSPs, reinforcing its position as a leader in the MSP automation space.
Current Operations and Market Position
Rewst operates at the forefront of the MSP automation industry, leveraging its innovative RPA platform to drive efficiency and productivity for its clients. The company's current focus is on expanding its market reach, particularly in North America, Europe, and the Asia-Pacific regions. By capitalizing on its community-driven approach and continuous product enhancements, Rewst aims to solidify its market position. The company currently ranks among the top automation platforms for MSPs, competing with established players like Appian and Newgen.
Conclusion
Rewst has emerged as a key player in the automation technology landscape for Managed Service Providers, driven by its unique approach to RPA and strong community engagement. With ongoing investments and a commitment to innovation and customer satisfaction, Rewst is well-positioned to lead the evolution of RPA solutions for the MSP sector. The company's future trajectory appears promising, with plans to further expand its global reach and explore new automation possibilities. As more MSPs warm up to the possibilities of automation, Rewst's impact on operational efficiency and service delivery continues to grow, marking its significance in the industry.