News
  • Carmel Ventures | 26 Jan 2016

    Seebo Raises $8.5 Million Funding Round Led By Carmel Ventures to Make IoT Simple for Product Companies

    Funding will enable Seebo to expand its US office as well as enter new industry verticals

    Tel Aviv, Israel, [MONTH] [DAY], 2016 Seebo, the leading provider of an Internet of Things end-to-end development, production and runtime platform, announced today that it has closed a $8.5 M Series A financing round bringing the total raised to date to $14M. The funding was led by Carmel Ventures, a member of the Viola Group, with participation from existing investors, including TPY Capital. The company also announced that Ori Bendori, General Partner at Carmel, will join its Board of Directors.

    Seebo provides companies with end-to-end tools and technology for the development, production and post launch needs of smart products, enabling product teams to expedite their go-to-market timeline while significantly lowering product lifetime costs. The company is currently working with numerous companies across a range of industries, including toy and children’s products, health and wellness, sports equipment, baby products, and education.

    “Introducing a smart, IoT-connected product to the market today is a long, costly and complicated process, often times leaving even the most motivated product teams frustrated and well over budget,” said Lior Akavia, Co-Founder & CEO of Seebo. “Seebo allows any product team to easily transform innovation to creation and focus on what will drive value for their customers.”

    Most product companies won’t want the headache, expense and commitment of building IoT development and runtime capabilities from scratch. Seebo’s platform is aimed at helping these companies solve the question of how to build and support connected products, allowing them to keep doing only what they do best.

    “We believe that Smart IoT products will become a standard in various verticals very soon and that’s why we partnered with Seebo that is perfectly positioned to help bring the IoT revolution to market,” said Ori Bendori, General Partner at Carmel Ventures. “With Seebo, any product can become connected in a cost effective, fast and efficient process. We look forward to working closely with the visionary team at Seebo as they continue to perfect their platform and increase market share across numerous verticals.”

    “Seebo provides its customers with a set of tools which simplifies the development, production, and runtime processes necessary to bring smart products to market,” said Guy Yamen, Seebo’s Chairman of the Board and Managing Partner at TPY Capital. “We are excited to welcome Carmel on board and to help Seebo develop its roster of clients, which already includes some of the world’s most innovative companies.”

    About Seebo

    Seebo is an Internet-of-Things development, production and runtime platform that allows any product team to bring smart product ideas to mass market. Seebo provides end-to-end tools which enable product teams to make their products smarter, in a fast and easy process, of various industries. Seebo allows its clients to focus on aspects they master, by simplifying complex electronics, software and runtime issues. For more information, please visit www.seebo.com. Follow Seebo on Twitter at @Seebo


    About Carmel Ventures

    With over $800 million currently under management, several successful exits, and a growing portfolio of promising companies, Carmel Ventures is among Israel’s top-tier venture capital funds. Founded in 2000 by pioneers and leaders of the Israeli high tech industry, the venture capital firm provides significant capital and active support through the growth cycle of its portfolio companies, and is recognized as a true company-building fund in Israel. Carmel Ventures is a member of the Viola Group, Israel’s premier technology-focused PE group with over $2 billion under management. For more information please visit www.carmelventures.com and www.viola-notes.com

    About TPY Capital

    TPY Capital is an investment firm dedicated to the growth of its technology portfolio companies. Since its inception in 2011, when it was formed by the Taché family, Dekel Persi and Guy Yamen, TPY Capital has deployed dozen of millions of dollars to fuel the global expansion and R&D innovation of the companies it invested in.

    Media Contacts

    Miguel Schwartz

    Seebo

    +972.3.510.9402

    miguel@seebo.com

     

    Hila Shitrit Nissim

    Carmel Ventures

    +972.9.972.0421

    hilas@carmelventures.com       

    Comments: Press kit: (1) Seebo logo (2) Picture of Lior Akavia, CEO & Co-Founder (3) Picture of Liran Akavia, COO & Co-Founder of founders (4) Headshot of Guy Yamen, Chairman of the BOD (5) Headshot of Ori Bendori, Partner at Carmel Ventures, (6) Screenshot of the Seebo IoT development, production and runtime tool 

  • Viola Credit | 20 Jan 2016

    GigaSpaces Raises $20 Million to Seize Momentum in Hyper-Growth Cloud Market

    As enterprise demand for agile cloud workload orchestration and real-time data analysis grows, GigaSpaces plans to leverage new funding to accelerate growth and market leadership.

    NEW YORK–(BUSINESS WIRE)–January 20, 2016–

    GigaSpaces Technologies, provider of pure-play cloud orchestration and data scalability platforms, has raised over $20 million in a new round. The investment was led by Claridge Israel (CI), a partnership between Claridge Inc. /the Stephen R. Bronfman Family Office and la Caisse de dépôt et placement du Québec (CDPQ) focused on solid, growth companies that possess a technological advantage, and with the participation of existing investors including BRM, FTV and Intel Capital.

    Funding will accelerate global awareness and adoption of GigaSpaces’ cloud application orchestration and data scalability solutions, drive continued product innovation, and expand its sales organization worldwide in the area of hybrid cloud, NFV and real-time analytics.

    The investment follows GigaSpaces’ best year to date in revenue. Hundreds of tier-1 enterprises and carriers currently run GigaSpaces flagship products, Cloudify and XAP, in production deployments across multiple industries to enhance IT efficiency and performance. In 2015 alone, the company has reached milestone accomplishments, including

    •  Achieved record annual revenue
    •  Tripled product adoption
    •  Closed several record multi-million dollar deals from tier-one enterprises for both Cloudify and XAP
    •  Implemented Cloudify orchestration at more than 20 Telco providers for NFV initiatives.

    “CI’s investment is a testament to the fact that GigaSpaces has developed a portfolio of technologies, products and customer pipeline that comprise a growth engine,” said Zeev Bikowsky, CEO at GigaSpaces. “This speaks to the importance of giving enterprises and carriers a pure-play orchestration option for management and automation across VMware, OpenStack and public cloud environments. Similarly, we solve the problem of collecting and analyzing vast amounts of information about application behavior in real-time.”

    “We are excited about GigaSpaces, and its profile very much fits our investment strategy – a solid company that holds a technological advantage and that can pursue substantial growth opportunities in more than one area,” said Oded Tal, CI’s Managing Director. “GigaSpaces is now well positioned in two areas with high growth potential – cloud and real-time analytics. We hope that this investment will allow the company to leverage its capabilities and further scale its business across the board.”

    About GigaSpaces

    GigaSpaces Technologies provides pure-play cloud orchestration and data scalability platforms through two main product lines, Cloudify and XAP. Hundreds of Tier-1 organizations worldwide are leveraging GigaSpaces’ technology to enhance IT efficiency and performance, from top financial and insurance firms, Telco carriers, e-Commerce companies, transportation firms and healthcare organizations. GigaSpaces maintains offices in the US, Europe and Asia Pacific. More at www.gigaspaces.com


  • Carmel Ventures | 14 Dec 2015

    Cloudyn Raises $11M in B-Round Led by Carmel Ventures

    Tel Aviv, Israel, December 14, 2015– Cloudyn, the leading provider of hybrid, multi-cloud monitoring and optimization solutions, announced today that it has closed a Series B round of financing in the amount of $11 million.  The round was led by Carmel Ventures, a member of the Viola Group, with participation of previous investors, Titanium Investments and RDSeed [a collaboration of Rafael and Elron Electronics (ELRNF)]. The company also announced that Ronen Nir, General Partner at Carmel, will join its Board of Directors.

    Cloudyn has tripled its revenue for three consecutive years in addition to doubling personnel. The company’s single pane of glass approach provides clarity and actionable insights for optimal cloud management. Currently monitoring more than 200,000 virtual machines and over 12,000 concurrent applications, Cloudyn will use the proceeds to further its market share and brand, as well as continue advancing first-to-market solutions to ensure customer delight.

    “After following the cloud services industry for last few years, backing a company such as Cloudyn was a clear choice,” stated Ronen Nir, General Partner at Carmel Ventures. “We see a growing need among enterprises that are cloud users to optimize and perfect their resource allocation, while enhancing performance and reducing cloud spend. Cloudyn's disruptive technology provides meaningful and actionable data, founded in both operational and financial metrics. We’re thrilled to partner with Cloudyn's exceptional management team to strengthen their leadership position in this growing market."

    “Cloudyn has been at the forefront of cloud monitoring and optimization for public and more recently, private cloud,” said Sharon Wagner, CEO of Cloudyn. “We have a superb team, disruptive technology, an ongoing commitment to product innovation, and it’s getting noticed,” he noted. “The funding will allow us to build on this momentum and increase our market share in North America and global markets.”

    The cloud management industry is growing at an astounding rate and becoming increasingly dynamic. Over the past year alone, infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) hybrid and private cloud providers generated more than $321 billion in revenues. A study conducted by 451 Research supports the growth trajectory stating that enterprises are increasing demand for hosted private cloud and hybrid cloud solutions, and plan to spend up to 50% of their cloud budget on these services.

    Cloudyn has paved the way in helping enterprises shift their operations and adopt hybrid, multi-cloud environments. Over the past year, the company has experienced tremendous market momentum, particularly with Fortune 1000 market leading enterprises and managed service providers (MSPs). The rapid, continued adoption of Cloudyn underscores the value that its leading cloud monitoring and optimization solution delivers. 

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Viola Group, with over $2 Billion under management, is Israel’s premier technology oriented private equity investment group.

Viola Group aims to provide long term, world-class returns by identifying and pursuing attractive investment strategies in the vibrant Israeli technology and industry market. Viola Group is comprised of focused separate independent best of class partnerships including Carmel Ventures – a top tier Venture Capital fund; Viola Credit – a leading equity-based lending fund; Viola Private Equity – technology focused growth capital and buyout fund; and Viola Partners – an exclusive investment fund mainly for private investors. Each partnership operates independently while enjoying access to market and technology research and insights, global tier-one investors, superior investment opportunities, a global industrial network, and access to leading management and investment talent.The partnerships identify, partner with and actively support leading entrepreneurs and high potential, growth-oriented enterprises and investment funds.

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