# Rewst

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rewst

- Industry: Software
- Headquarters: Tampa, US
- Website: www.rewst.io
- Total disclosed funding: $73M
- Latest round: Series C (Jul 26, 2024)
- Investors on record: 8

## About

Rewst, Inc. is a US-based company focused on creating Robotic Process Automation (RPA) solutions, enabling Managed Service Providers (MSPs) to automate routine IT processes efficiently with low-code tools.Founded in 2020 and headquartered in Tampa, Florida, Rewst, Inc. specializes in Robotic Process Automation, facilitating operational efficiency for Managed Service Providers. The company was established by Aharon Chernin, who has a background in technology start-ups. Rewst has successfully secured USD 35 mn in SERIES C funding on July 26, 2024, led by Sapphire Ventures, marking the total amount raised at USD 35 mn with a current valuation of USD 308.866 mn.Rewst is a Robotic Process Automation (RPA) platform that specializes in low-code automation solutions primarily targeted at Managed Service Providers (MSPs). The platform allows users to integrate various operational tools seamlessly, facilitating the automation of routine IT processes such as ticket management, security triage, and new user onboarding. Rewst's core offerings are designed to enhance operational efficiency by allowing MSPs to repurpose their skilled personnel for higher-value tasks instead of manual data handling. Users benefit from pre-built automation workflows that can connect to popular applications like HubSpot and professional services automation (PSA) tools. Rewst's products are marketed in North America, Europe, and parts of Asia, catering to a diverse clientele that includes IT service companies, system integrators, and tech consultants, all of whom are looking to streamline their operational processes to improve service delivery and reduce human error.Rewst generates its revenue primarily through subscription-based models that offer varying levels of access to its automation platform. Clients typically engage in annual or monthly billing cycles, granting them access to the full suite of Rewst's features, including the Robotic Operations Center (ROC) for workflow creation and support. The pricing structure is tiered, accommodating different business needs and sizes, with flagship products being bundled into these plans to enhance value. Direct transactions occur between Rewst and its clients, primarily through Business-to-Business (B2B) interactions, where MSPs and IT professionals purchase licenses for the software. Additional revenue streams may include partnerships or integrations with third-party services, further expanding the platform's utility and appeal to its customer base.In August 2024, Rewst, Inc. raised USD 35 mn in SERIES C funding led by Sapphire Ventures, with participation from Meritech Capital Partners and OpenView Venture Partners. The company plans to utilize this funding to accelerate platform innovation and invest in community, education, and support. Rewst is actively working on launching new features and products aimed at enhancing its automation capabilities. Additionally, the company aims to expand its reach into new markets across Europe and Asia by the end of 2025.

## Funding rounds

- Series C, Jul 26, 2024, $35M — Meritech Capital Partners, Sapphire Ventures, OpenView
- Series B, Nov 20, 2023, $20M — Meritech Capital Partners, OpenView, TDF Ventures, Florida Funders
- Series A, Oct 31, 2022, $11M — OpenView
- Seed, Jul 13, 2022, $3.8M — Grotech Ventures, TDF Ventures, MDJ Groups, Florida Funders
- Seed, Nov 8, 2021, $3.5M — Florida Institute for the Commercialization of Public Research, MDJ Groups, Florida Funders

## Investors

- Florida Institute for the Commercialization of Public Research — Seed
- MDJ Groups — Seed
- Florida Funders (https://capitalatlas.ai/funds/florida-funders) — Seed, Series B
- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Seed
- TDF Ventures (https://capitalatlas.ai/funds/tdf-ventures) — Seed, Series B
- OpenView (https://capitalatlas.ai/funds/openview) — Series A, Series B, Series C
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series B, Series C
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C