Canada-based startup Fable, a leading platform for digital accessibility powered by people with disabilities, on Wednesday, announced it has raised $25 million in a Series B funding round led by Five Elms Capital.
Fable, which helps some of the largest brands in the world build inclusive digital products with its accessibility testing and training solutions, will use the fresh funding to further this focus – and to address the heightened need for accessible products in the era of AI.
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“AI is penetrating every field. Nearly every company is using, training or creating new AI-driven tools. This may be a once-in-a-generation opportunity to establish new norms for accessibility that truly reduce the digital divide,” said Alwar Pillai, CEO and co-founder of Fable.
Fable has already become a trusted partner for industry leaders such as Microsoft, Meta, NBC Universal, and Walmart.
As part of its expansion, the company said that it will extend its tester community to include individuals with hearing and cognitive disabilities, in addition to those who use assistive technologies for vision or mobility limitations.
Nearly 20 per cent of people globally are affected by hearing loss, and an estimated 13 per cent of Americans can benefit from cognitive accessibility to assist with challenges around learning, focus and attention, memory, communication, reasoning and executive function, the company noted.
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Moreover, the Canada-based firm said that the new investment will allow Fable to meet the growing demand for inclusive products by scaling its operations, expanding its tester community, expanding product offerings, reducing barriers for customers and ultimately furthering its work in accessibility best practices.
“They have become the go-to-solution for enterprise organizations and have widened their presence in this segment. We are thrilled to deepen our partnership with the Fable team as they make inclusive design the norm and standard for every product team,” said Austin Gideon, Principal Five Elms Capital.