InvGate Spearheads Enterprise IT Revolution with $35M Funding

By Greg Tavarez, TMCnet Editor  |  July 21, 2023

Organizations face the challenge of efficiently managing their IT services and assets to meet the demands of modern business. Lucky for them, they have InvGate as a trusted ally. InvGate’s suite of solutions empowers businesses to streamline operations, reduce costs, improve service delivery and enhance customer satisfaction.

InvGate ITSM, for example, helps organizations align their IT services with business objectives, resulting in enhanced productivity and customer satisfaction. Meanwhile, InvGate's IT Asset Management solution simplifies asset tracking and management throughout their entire lifecycle. With InvGate's ITSM and ITAM solutions, organizations unlock their full IT potential and stay ahead in the competitive digital landscape.

That said, InvGate wants to accelerate its global expansion plan and significantly increase investments in its leading-edge product platform. To achieve that, InvGate raised a $35 million growth round led by Riverwood Capital, a global investor in high-growth technology companies, with participation from Endeavor Catalyst.

“As our growth accelerates, we are committed to continue empowering customers with a flexible and cost-efficient technology platform that enables them to scale and automate their IT and internal operations, including an exciting pipeline of new automation and AI-powered capabilities that will continue to differentiate us from competitors,” said Ariel Gesto, co-founder and CEO of InvGate.

InvGate’s solutions not only include ITSM and ITAM, but they also span help desk and security operations. InvGate Service Desk is an IT service management system that allows IT teams to apply best practices to manage requests and incidents within their organization. InvGate Insight is an IT Asset Management tool that serves as a single pane of glass for all technology and fixed assets owned by the organization, facilitating support, security compliance and financial planning.

With these solutions, InvGate provides a holistic approach to managing and optimizing critical business functions.

“As customer experience, cybersecurity, AI and accountability become increasingly prioritized, the demand for an intuitive, functionally rich, and comprehensive IT solution that is easy to implement and use is burgeoning,” said Gonzalo Sainz-Trápaga, Chief Revenue Officer at InvGate. “InvGate’s robust and flexible platform with an innovative low-code approach is the best option for those looking for an enterprise-level software solution without the hassle of complex and costly implementation projects.”

InvGate was founded in 2009 out of Latin America. The company then expanded globally into the U.S., Europe and the Middle East as more and more global customers wanted an alternative to the complex and costly incumbent ITSM vendors.

Those who utilize InvGate’s technology include enterprises and mid-size organizations across banking, consumer products, healthcare, education and services sectors. Some of its clients include the U.S. Army, NASA, Globant, KPMG, Toyota, Arcos Dorados and Grupo Coppel.

Edited by Alex Passett
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