Workwize secures US$13 million in Series A funding to revolutionize IT asset management through AI automation
Workwize, the global leader in IT hardware asset management, has raised an impressive $13 million in Series A funding to advance its vision of fully automating the IT equipment lifecycle. The round, led by Klass Capital and supported by Peak and the Graduate Entrepreneurship Fund, positions Workwize to be a transformative force in the IT industry. The company plans to use the funding to enhance its AI-powered automation platform and open a U.S. office in early 2025.
“IT teams around the world are overwhelmed by inefficiencies in device management across distributed teams.” explain Michiel Meyer, CEO and Co-Founder of Workwize. “This investment allows us to reduce IT workflows from hours to minutes through smarter automation. Our goal is to create an accessible future where IT management becomes effortless.”
Problem: Inefficient IT asset management across global teams
Modern businesses rely on a distributed workforce, yet IT departments remain mired in repetitive, manual tasks. Managing the procurement, deployment, maintenance, retrieval, and disposal of IT assets across geographies often requires dealing with multiple vendors, navigating complex logistics, and meeting compliance standards.
A recent Workwize survey of more than 150 enterprises revealed that 48% of IT leaders ranked operational efficiency and automation as a top priority. Traditional asset management systems cannot meet these needs and rely heavily on manual intervention, thus wasting valuable time and productivity of IT teams.
Solution: AI-driven IT lifecycle automation
Workwize’s platform is a game changer. By integrating advanced artificial intelligence and automation, the platform eliminates the manual workload traditionally associated with IT asset management. Key features include:
- End-to-end automation: From procurement to disposal, Workwize automates the entire lifecycle of IT assets. For example, if an employee overseas needs a laptop repaired, Workwize handles the shipping, repair coordination, and deployment of the replacement device, 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 are secure and ready to use right out of the box.
- Sustainability and compliance: The platform prioritizes environmentally friendly disposal methods such as recycling and reuse, while remaining compliant with ISO standards and GDPR guidelines.
This approach reduces IT management time per employee from an average of 27 hours to just 10 minutes, allowing IT teams to focus on strategic initiatives rather than mundane tasks.
record of success
Since its founding in 2021, Workwize has managed more than 100,000 devices in more than 100 countries, serving customers such as Adyen, Elastic, EQT and HelloFresh. The platform has facilitated more than 22,000 onboardings and offboardings, saving IT managers more than 80,000 hours through automated workflows.
For example, fast-growing client Lepaya saves $44,000 and 400 hours annually on offboarding tasks by leveraging Workwize’s self-service portal and workflow automation.
Strengthen global operations
With the Series A funding round, Workwize is poised to expand its global footprint. The upcoming U.S. office will serve as a growth center, with the company planning to double its headcount by 2025. This expansion demonstrates Workwize’s commitment to meeting the needs of a borderless business environment.
“Our investment in Workwize reflects our strong belief in its ability to revolutionize IT management for an increasingly global workforce,” explain Will Anderson, Managing Partner, Klass Capital. “Workwize delivers the efficiency and scalability modern businesses need to thrive.”
Artificial intelligence is at the core of innovation
Workwize’s competitive advantage lies in its innovative use of artificial intelligence to address the most pressing challenges in IT management:
- proactive maintenance: AI-driven analytics can identify potential hardware issues before they occur, reducing downtime and repair costs.
- Smart inventory management: Real-time tracking of assets ensures complete visibility into equipment location, usage and lifecycle stages.
- Automated onboarding and offboarding: Integrates with HR systems like Active Directory and SCIM to trigger automatic device deployment for new employees and lock devices when employees leave.
- Global supplier network: Artificial intelligence optimizes supplier selection, ensuring rapid delivery of IT assets to any location in as little as five days.
These capabilities enable companies to seamlessly scale IT operations, even as they expand across continents.
Sustainability at the forefront
In addition to efficiency, Workwize also emphasizes environmental responsibility. The platform enables organizations to repurpose obsolete devices and reduce e-waste. Certified processes for erasing, recycling and reselling IT assets ensure sustainability goals are aligned with operational needs.
“Our goal is not just to simplify IT management, but to make it more sustainable.” explain Meyer. “Workwize helps companies achieve operational excellence and environmental responsibility.”
future vision
As Workwize continues to evolve, its focus remains on pushing the boundaries of what’s possible in IT management. By integrating artificial intelligence and automation into every aspect of its platform, the company is setting new standards for global IT operations.
The Series A funding round marks an important milestone in Workwize’s growth story, but it’s just the beginning. With a proven track record, a growing customer base and bold expansion plans, Workwize is becoming the platform of choice for IT asset management worldwide.
