Incentive, a provider of a complete, socially powered enterprise collaboration platform for mid-market organizations and enterprise teams, announced at the Collision conference in Las Vegas, Nev. that it raised $1.7 million in a seed funding round. Led by a group of institutional and private investors, this round brings Incentive's total funding to date to $3.5 million.
The new funding will support and grow the company's U.S. expansion, marketing and sales, as well as bolster its product development efforts. With thousands of installations and users across the world, Incentive serves a wide range of industries and use cases, including oil and gas, technology and non-government organizations, including the North Atlantic Treaty Organization (NATO), which is rolling out the platform to 10,000 employees in 28 countries.
Incentive aims to make collaboration and intelligence sharing simple and secure by offering airtight data privacy, protection, and control of business information. Its easy-to use, socially powered collaboration platform eliminates cluttered workflows by consolidating and standardizing existing apps and tools in a central location. All content-whether a wiki, blog, document, IM, or video conversation-is centralized, making it accessible by every employee through an intelligent search.