• Carmel Ventures | 11 Nov 2015

    Perfecto Raises $35 Million and Adds New Investor Technology Crossover Ventures to Fuel Continuous Quality for Digital Experiences

    New round of funding, strengthened executive management team, and strong product development propels the company into next phase of strategic growth

    Boston, MA – Perfecto Mobile, the leader in enabling high-quality digital and mobile experiences for enterprises, today announced it has raised a $35 million investment from new investor Technology Crossover Ventures (TCV), with continued participation from existing investors FTV Capital, Carmel Ventures, Globespan Capital Partners and Vertex Ventures. The latest capital infusion will fuel the expansion of Perfecto’s product offerings, which address the need for enterprises to continuously test and monitor their mobile and digital user experiences on real devices under real end-user conditions.

    Along with a new round of investment, Perfecto has expanded its executive leadership team with the appointments of Rainer Gawlick as President and Ofer Karp as Senior Vice President of Engineering. Perfecto is also expanding its geographical reach, opening new offices and data centers in Australia, China, Japan and Toronto, Canada.

    In today’s connected world, consumer expectations rise as innovation evolves, making a digital engagement strategy critical to enterprise business success. Perfecto is solving a major pain point in the digital and mobile quality markets with the ability to continuously improve the quality of such interactions. Uniquely, Perfecto’s offering, the Continuous Quality Lab™, gives users access to a cloud-based test lab, complete with automated test scenarios that account for real user conditions across real devices. In fact, the company is currently working with nine of the 10 most valuable brands, as listed in the 2015 BrandZ™ Top 100 Most Valuable Global Brands, released by WPP and Millward Brown.

    “Increasingly, digital engagement is the way brands directly interact with customers, and as a result, those interactions are having a significantly greater impact on business success. As the pressure to meet customer expectations rises, so does ensuring the quality of each digital experience, especially across mobile channels,” said John Doran, Principal at TCV. ;“With Perfecto’s strong leadership, cloud-based technology, and market vision for superior digital and mobile engagement, we believe the company will achieve breakout growth in the quality market.”

    “Customers now expect and depend on high-quality digital experiences when interacting with brands via the Web, mobile apps and IoT devices,” said Eran Yaniv, CEO of Perfecto. “Perfecto has developed leading solutions that help enterprises deliver high-quality digital experiences via our Continuous Quality Lab. I am excited about the partnership with TCV and look forward to working together in growing Perfecto’s global presence, expanding our quality offerings and positioning Perfecto for continued growth and innovation.”

    In the past year, Perfecto has rapidly grown and reached a number of milestones. From a product perspective, Perfecto recently launched the Wind Tunnel™, enabling automated testing against real user conditions, and reports that over 1.2 million tests run monthly in its Continuous Quality Lab™. The company has doubled its workforce this year with high growth projections for next year. Its customer base has rapidly grown in the past year to include leading brands like Discover, and Sky and is seeing record expansion within existing customers.

    About Perfecto
    Perfecto enables exceptional digital experiences. We help you transform your business and strengthen every digital interaction with a quality-first approach to creating web and native apps, through a cloud-based test environment called theContinuous Quality Lab™. More than 1,500 customers, including 50% of the Fortune 500 across the banking, insurance, retail, telecommunications and media industries rely on Perfecto to deliver optimal mobile app functionality and end user experiences, ensuring their brand’s reputation, establishing loyal customers, and continually attracting new users. For more information about Perfecto,, join our community, or follow us on Twitter at @PerfectoMobile.

  • Carmel Ventures | 22 Oct 2015

    Worthy Raises $8M in B Round led by Carmel Ventures

    NEW YORK, October 22, 2015 – Worthy (, the premier online marketplace for pre-owned luxury goods, has raised $8 million in a Series B funding round led by Carmel Ventures (Carmel Ventures), a member of the Viola Group.

    As part of the investment, Carmel's co-founder, Mr. Shlomo Dovrat, joined Worthy’s board of directors. Other investors in the current round include previous investors such as Dr. Meir Barel, the founder of Star Ventures, and Mr. Eddy Shalev, a Worthy board member and the founder of Genesis Ventures. Proceeds of the funding round will be used to expand its marketplace presence across the U.S. as well as towards product innovation. Worthy, founded in 2012, previously raised over $8.5 million.

    Shlomo Dovrat, co-founder and general partner of Carmel Ventures said“We believe there is a significant opportunity in ‘Re-commerce’ for privately owned high value jewelry. Consumers who own high valued jewelry, diamonds, watches and other luxury valuables do not have a fair and convenient alternative to sell them. As a true marketplace, Worthy brings significant value not only to the sellers but also to its buyers, who can buy well-described and professionally authenticated items directly from the public. We at Carmel are committed to invest in companies that aim to transform large markets and we are excited about Worthy’s vision, team and potential. We look forward to work with Worthy’s team and will actively support them as they expand the business.”

    “U.S. households constitute, in effect, the single biggest diamond mine in the world, with over $1 trillion worth of polished diamonds. Any individual who owns a diamond is a stakeholder of this mine. It is estimated that there are only 50 more years’ worth of new gem quality diamonds worthy of excavations. The future of diamonds lays with recycling already-mined diamonds and repurposing them,” said Ben De-Kalo, founder and CEO of Worthy. “We provide businesses with direct and trusted access to the significant supply households present, including unique pieces that add a luxury flavor to their showcase.”

    Mr. De-Kalo concluded “Worthy aims to transform a very large market. We are grateful for the trust by Carmel Ventures, a world class firm and are excited to be working with Shlomo Dovrat to build a category leader.”

    Founded by Mr. De-Kalo, Worthy is the fastest growing on-line marketplace for the selling and buying of pre-owned luxury goods, such as diamond jewelry, colored stones and high-end timepieces. The platform has processed thousands of items and powered over $90 million worth of estimated merchandise since its launch and continues to enjoy very high growth.

    Over the last year, Worthy expanded its operations including the build-out of its New York headquarters with the upgrading its grading labs as well as investment in its operational and technology infrastructure. Significant hires have included Peter C. Schneirla, president; Gil Gadot, COO; and its new head of evaluations, Roy Albers, formerly the head of evaluations at Tiffany & Co. The company employs 40 people and is planning to grow by 50 percent in the coming year.

    About Worthy
    Worthy ( is a secure online and secure marketplace for pre-owned luxury goods including diamonds, brand-named watches, jewelry, gemstones and precious metals. The company has developed an unbiased selling platform providing private sellers with the safest and quickest way to auction high-value items to a market of committed buyers and receive the best market value. By making the process simple and conducting guaranteed item grading, Worthy makes it easy for pre-approved buyers to enjoy a steady stream of deals suited to their business needs. Worthy is headquartered in New York City with an R&D facility in Israel.

  • Viola Private Equity | 20 Oct 2015

    Pyramid Analytics Continues Strong Growth; Announces $30 Million Growth Equity Funding Round led by Viola PE

    Funding Round Led by Viola Private Equity with Additional Investment by Sequoia Capital

    SEATTLE, WA – October 15, 2015 – Pyramid Analytics, the next-generation business intelligence (BI) platform for the enterprise, today announced that it has completed an equity round of funding totaling $30 million, led by Viola Private Equity, and including a second-time investment from Sequoia Capital. The round will be used to expand Pyramid Analytics’ workforce, deepen strategic alliances with partners, advance its channel ecosystem efforts, and enhance market penetration in key segments.

    The second financing series comes as Pyramid Analytics is growing at an impressive rate, cementing the company’s position as a key player in the expanding BI space. Its customer base has tripled every year for the past three years. Pyramid Analytics reached over 350,000 users earlier in the year, and that number continues to grow. Organizations using the company’s BI Office platform to analyze, monitor and report data include large government agencies like the U.S. Department of Veterans Affairs and many Fortune 500 enterprises including Siemens, EMC, HP and others.

    “The continued investment in Pyramid Analytics further validates that we are filling a large gap in the BI market by offering governed data discovery for larger enterprise BI deployments,” said Omri Kohl, co-founder and CEO, Pyramid Analytics. “This funding allows us to expand and take advantage of growing momentum and interest in our platform. Proven customer confidence, credibility among analysts and our high user growth-rate demonstrate that organizations view Pyramid Analytics as the enterprise-ready BI solution of choice.”

    The company is taking advantage of a growing demand for scaling data discovery across the enterprise by delivering a self-service BI that harmonizes the diverse needs of business users, analysts, IT professionals, BI departments and the C-suite. Companies are recognizing the need of end users to make data-driven decisions with the agility required to produce tangible business gains without undermining the organizational framework.

    Pyramid Analytics’ platform provides a robust governed data discovery platform that is compelling for all users. Its Cloud based BI Platform architecture  enables self-service data analysis and visualization for end-users, allowing them to quickly share insights throughout the enterprise, while preserving data governance and security scaling and performance.

    “Pyramid Analytics’ solution introduces real innovation to a wide and continuously growing market, led by a global management team with impressive BI experience.  Leading analysts consider the company a groundbreaker in enterprise BI and it works with over numerous Top Fortune 1000 companies,” said Harel Beit On, general partner and founder, Viola Private Equity. “We are pleased to join forces with the company and Sequoia Venture Capital, and to take part in transforming it into a leader within its respective market.”

    The announcement continues a banner year for Pyramid Analytics. In July the company announced a strategic collaboration with Microsoft that extended a long-term partnership that has successfully delivered analytics solutions to their joint customers. Reports from key analysts issued during the past year, including Gartner, BARC and Dresner, have consistently shown rapid advancement for Pyramid Analytics in customer satisfaction, technical capability and competitive positioning.

    About Pyramid Analytics

    Pyramid Analytics gives professionals what they need to analyze, monitor, and report data, so they gain prompt and undisputed insight about their business. Hundreds of thousands of users, in large public and private enterprises, rely on Pyramid Analytics to make and communicate sound decisions, convincingly.

    The company’s flagship suite, BI Office, is a turnkey, enterprise analytics platform, with fast-performing integrated functionality, that makes it easy to self-serve and share trusted BI content. BI Office enables rapid connectivity of new data sources, on-the-fly data preparation, and interactive visualizations, through an intuitive and familiar interface.

    Pyramid Analytics combines the simplicity and agility that business and IT users want, with the enterprise-class security and governance that organizations need. Pyramid Analytics’ clients successfully expand the reach of BI value and scale user adoption via governed collaboration and sharing of dashboards, reports, and advanced analytics – across departmental and company boundaries, to all types of user, on any device.

    Pyramid Analytics’ talented teams are based in operational centers across the U.S. and EMEA. To learn more, visit and follow us on Twitter at @PyramidAnalytic and follow us on LinkedIn.

Our People and Companies


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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      Attend the Webinar: Accelerate Your Career with Zend Certifications
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