Amount is largest Series A investment in Indiana History
Global communications workflow provider Kerauno announced today that it has secured more than $25 million in Series A funding, the largest single series A capital raise in Indiana history.
This funding round included several investors: The Joan Hanley (Steinbrenner) Trust (Joan Hanley is the mother of George Steinbrenner the IV who is a member of the famed Steinbrenner family, owners of the New York Yankees, among other companies), an institutional investor and Michael Andretti, Chairman and CEO of Andretti Autosport.
“This historic funding is a testament to the Kerauno brand and the faith that others have in the work we’re doing. Our platform is all about improving interactions and engagements of customers and employees while driving more productive communications on any device, anytime, anywhere. Our software has already proven it deepens relationships and increases revenue for our customers.”Josh Ross, Kerauno CEO and Co-Founder
Kerauno is trailblazing the communications industry by automating all facets of business process with its workflow software. The latest advancement in Kerauno is a next-generation engine that will allow the workflow to be overlaid on any unified communications system, device, software or endpoint worldwide.
“I’ve been fortunate to watch this company grow into what it is today,” said Joan Hanley, “and I’m excited to see how Kerauno can change the industry. The way they connect business and improve business process is so valuable for companies.”
“Josh and Jason (Ross) have been associated with Andretti Autosport for a number of years and it has been a pleasure watching them take Kerauno to the next level,” said Michael Andretti, Chairman and CEO of Andretti Autosport
The announcement comes just weeks after Indiana Governor Eric Holcomb announced the Indianapolis-based software company would create more than 100 jobs and invest $5.2 million in infrastructure. In addition to this capital, the company also has plans for future software company acquisitions in order to expedite bringing the next generation of Kerauno to market.
“We’ve been very strategic as we build our company and develop our products. It rarely happens that a solution intersects with the market at precisely the correct time. We have that opportunity and we have secured the first of several waves of capital that provides the Kerauno engine the fuel needed to lead the global communications market.”Don Scifres, Kerauno COO