Workwize Secures $13 Million for Global IT Asset Automation

Workwize, an Amsterdam-based IT hardware asset management platform, has raised $13 million in Series A funding, led by Klass Capital, to enhance its AI-driven automation capabilities. This funding aims to make Workwize the first platform to fully automate the IT equipment lifecycle, significantly reducing management time from 27 hours to just 10 minutes per employee. A recent survey revealed that 48% of IT leaders prioritize operational efficiency and automation, underscoring the demand for improved IT asset management solutions. Workwize's platform will handle procurement, deployment, retrieval, and disposal without manual intervention, addressing the inefficiencies faced by IT teams managing distributed workforces. Additionally, the company plans to establish a U.S. office and double its workforce by 2025. Key clients utilizing Workwize's services include companies like Elastic, EQT, and HelloFresh.