Averail is a technology company.
Averail has raised $6.3M across 2 funding rounds.
Averail has raised $6.3M in total across 2 funding rounds.
Avail Technologies (likely the intended subject, as "Averail" appears to be a misspelling based on search matches) is a technology company specializing in Intelligent Transportation Systems (ITS) for mid-sized transit operators across the USA. It develops myAvail, an enterprise transit management software (ETMS) that integrates CAD/AVL, business intelligence dashboards, VoIP communications, and real-time tracking to enhance efficiency, compliance, and rider experience.[1][2]
The company serves public transit agencies with medium-sized fleets, solving challenges like operational inefficiencies, high costs, poor communication, and data silos through a single shared database and data-driven tools. This targeted focus has driven growth, including a transition to 100% employee ownership announced in January 2025, with Rick Spangler appointed as President and CEO.[2]
Founded in 1999 in State College, PA, Avail Technologies started as a family-oriented firm dedicated to transit technology for mid-sized operators, avoiding expansion to larger markets to maintain expertise.[1][2] Over 25 years, it evolved into a leader in ITS by partnering closely with transit professionals, developing myAvail as the only enterprise-level software tailored for this segment.[1]
Pivotal moments include establishing itself as the sole systems integrator focused exclusively on mid-sized fleets and recent leadership changes for employee ownership, reinforcing its commitment to customer-centric innovation amid workforce development initiatives like PennTRAIN training.[2]
Avail rides the trend of data-driven smart transit solutions, capitalizing on rising demand for efficient public transportation amid urbanization, funding pressures, and post-pandemic recovery. Its timing aligns with ITS growth, where real-time analytics and VoIP reduce costs and enhance reliability for agencies facing budget constraints.[1][2]
Market forces like cellular network ubiquity and regulatory pushes for compliance favor Avail's specialized, scalable software, influencing the ecosystem by setting standards for mid-sized operators—often underserved by broader providers—and promoting employee-owned models for sustained innovation.[2]
Avail's employee ownership and new CEO position it for accelerated growth in transit tech, potentially expanding myAvail features like AI-enhanced dashboards amid trends in sustainable mobility and digital transformation. Evolving regulations and electrification in transit will shape its path, amplifying influence through deeper agency partnerships and workforce training.
This builds on its niche dominance, promising broader impact as mid-sized operators modernize.[1][2]
Averail has raised $6.3M in total across 2 funding rounds.
Averail's investors include Forest Baskett, Storm Ventures.
Averail has raised $6.3M across 2 funding rounds. Most recently, it raised $6.0M Series A in March 2012.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2012 | $6.0M Series A | Forest Baskett, Storm Ventures | |
| Jul 1, 2011 | $250K Seed | Storm Ventures |