Security News > 2020 > February > Aquant raises $30M to support growth, drive AI innovation, and accelerate global expansion

Aquant will use this capital to support its rapid growth, drive the continuous innovation of its AI platform, accelerate global expansion, and grow its engineering, client services, and go-to-market teams.

"The expectations from customers of manufacturing companies are growing, just as skilled service workers are retiring. This makes exceptional service delivery more critical, and more challenging, than ever," said Shahar Chen, CEO and co-founder of Aquant.

"Aquant's centralized SaaS platform and AI technology has the ability to help manufacturers make smarter and faster decisions, which leads to real ROI with both revenue growth and cost savings. We are excited to work with Aquant to expand its customer base and help scale their respective teams."

"We appreciate the support and operational expertise of Insight Partners and all our investors as we enter the next phase of Aquant's journey," said Assaf Melochna, COO and co-founder of Aquant.

"This funding - alongside the operational resources that come from Insight Onsite, Insight's business strategy and ScaleUp division - will enable us to accelerate the pace of growth and expand our product offering to address service challenges across industries and around the world."

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