iLobby Announces More Than USD100M Strategic Investment From Insight Partners To Scale Go-to-Market Strategy And Expand Product Capabilities
iLobby , a provider of turnkey solutions that enable organizations to have greater control over their facilities, employees, and visitors, today announced a strategic investment from global venture capital and private equity firm Insight Partners. The funding will catalyze the company’s growth and help continue to protect facilities in regulated, compliance, and security-focused verticals.
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With over 6 million total entry points in the United States alone, iLobby will use the investment to scale its go-to-market and expand its product functionality to meet rising demand for enterprise visitor management in the 45 countries it currently serves and beyond. The company serves customers ranging from enterprises such as Pepsi, Nikon, and Hershey’s to small and medium-sized businesses, tailoring solutions to fit customers’ needs.
“This investment will substantially accelerate the pace at which we build and deploy the iLobby product suite to power the future of safety and visitor management in the workplace,” said iLobby CEO Ariel Mashiyev. “We’re incredibly excited to work with Insight Partners, who will be integral in helping us build out our operations and capture the massive opportunity in visitor management.”
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Visitor management software is a large market (~$8.7 billion in the US) with significant greenfield opportunity — many companies still track who flows in and out of their facilities through paper logs and spreadsheets. iLobby’s versatile and customizable platform helps highly-regulated facilities like airports, government buildings, financial services firms, and multi-national enterprises quickly digitize the front desk – bringing a new level of automation, security, and control to visitor management. With the help of Insight Onsite’s 70+ team of operators, iLobby plans to grow their sales and customer success teams to reach new customers, both in the U.S. and internationally. As they continue to grow the product suite, iLobby looks forward to becoming a trusted partner in managing not only visitors but everything that moves through its customers’ buildings.
“Ariel and his team have built a robust platform that meets complex needs in compliance-focused industries, all while being extremely capital efficient and growing nearly 100% YoY over multiple years,” said Insight Partners Managing Director Ryan Hinkle. “We’re very excited to leverage our strategic operations expertise through Onsite, our ScaleUp engine, to help iLobby scale more aggressively.” Hinkle, along with Insight Partners Managing Director Anika Agarwal and Principal AJ Malhotra, will join iLobby’s board of directors. Mashiyev will stay on as CEO and Chairman of the Board.
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