8 exits, dozens of rounds: where the money went in Israel in August 2016


The startup nation is growing and scintillating with many technological ideas, but not everyone always succeeds in taking the idea and turning it into a reality without an investment. In this monthly column, we present a summary of the Israeli startups that received investments last month from funds, angels, and even from the state.

So where did the money go?

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CyberX raises $9 million

Israeli company CyberX, a startup dealing in cyber security for the Industrial Internet, announced the completion of their Series A financing round in which it raised $9 million. International venture capital fund Flint Capital led the round, together with previous investors Glilot Capital Partners, UpWest Labs, GlenRock Group, Swarth Group, Gigi-Levy-Weiss, and other investors from the US and Europe.

CyberX offers a solution for detecting cyber attacks and operational malfunctions in real time by creating absolute visibility of the Industrial Internet at any given moment, based on modeling technology and ISC-ISAC. The purpose of the Industrial Internet is to create a smarter and safer internet connection for industrial machinery.

Panoply.io raises $7 million

Young startup Panoply.io announced the completion of a $7 million seed financing round led by Intel Capital, the American chip giant’s investment arm, and Blumberg Capital, a previous investor in the company.

Panoply.io is developing a new way of storing data on the cloud by turning it into a more accessible and flexible platform than the one currently offered, which is basically an infrastructure that can be operated only by experts. The platform developed by the company is designed to manage data and analytics, essentially what New Relic did for monitoring and performance and Heroku did for apps development.

Velostrata raises $17.5 million more

Israeli company Velostrata, which is developing the first hybrid cloud solution that also works in real time, announced the completion of a $17.5 million financing round led by Intel Capital, Intel’s investment arm, with the participation of previous investors Norwest Venture Partners and 83North Venture Capital.

The technology developed by Velostrata enables organizations to stream calculation tasks from the client’s website to the cloud and back within minutes, without copying the data or the software themselves to the cloud, thereby maintaining optimal performance. According to the company, the solution it has developed is the only one that accommodates on-demand hybrid cloud architecture for core organizational apps, while there is no need to make changes in the apps, the operating system, or the data location, the method of storing them, and their management. In other words, an organization’s personnel can continue using the same tools and processes for managing the calculation infrastructure that they have become used to. The transfer of calculation tasks to and from the cloud is done by clicking on a button.

Israeli company Sedona Systems raises $13.6 million

Sedona Systems announced the completion of a $13.6 million Series B financing round led by Intel Capital, with participation from new investor NexStar Partners and existing investors Bessemer Venture Partners
Sedona Systems develops technology designed to improve connectivity of networks throughout the world and the efficiency of data centers. It does this with the help of a combination of layers that currently operate independently and do not communicate with each other. By merging two of these layers, it is possible to attain control, receive information, and optimize the organizational network. The company’s technology makes it possible to obtain a great deal of information from the SDN controllers on two layers, such as the volume of traffic and alerts, thereby benefiting from greater reliability on the network. According to the company, organizations can save up to 50% of their communications infrastructure costs through the optimization it offers. NetFusion, the product developed by the company, works with the equipment of all the recognized manufacturers. Once installed, it works automatically, and is transparent to the user.

Spot.IM raises $13 million

Israeli startup Spot.IM, which has developed a widget designed to enhance the involvement of visitors on a website, announced the completion of a $13 million Series A financing round. Funds Index Ventures and AltaIR Capital led the round, together with other investors. The company develops products for the use of websites that create original content in order to enable them to hold on to surfers exposed to the content, and not to lose them as a result of the sharing and display of content on Facebook, YouTube, Twitter, and other social networks.

In order to increase the visitors’ involvement on the website, Spot.IM offers a number of social tools, such as getting rid of the standard responses in the system, and creating real time discourse instead, an alert system that enables users to discover where the conversations are taking place on the website at any time, a news feed composed of the content on the website most frequently viewed by the users, etc. Spot.IM founder and CEO Nadav Shoval says that the combination of these products yields a 20% average increase in the time spent on the website, and a 25% rise in responses and exposure to pages on the website.

Ornim Medical raises $20 million

Ornim Medical, which is developing a brain monitoring device, announced the completion of its Series C financing round, in which it raised $20 million. Chinese investment company LongTec HongTao China Ventures LP led the round, together with previous investors, among them OrbiMed Healthcare Fund Management and GE Ventures.

c-FLOW, Ornim’s flagship device, is based on technology that combines near-infrared light with ultrasound pulses. It is designed for continuous, non-invasive, and simultaneous monitoring of blood flow changes in a selected vicinity of tissue in the brain. The alternative without the device obliges the doctors to use indirect measures that are not specific to the brain, or to use a special device that is both expensive and invasive, and which in most cases provides only partial information. c-FLOW is designed for use mainly in operating rooms, intensive care, recovery rooms, and emergency rooms, and in the future, also in ambulances. As of now, the device is the only non-invasive device in the world with FDA approval that makes it possible to monitor simultaneously and continuously blood flow changes during brain monitoring. Ornim also has FDA approval for continuous monitoring of the O2 saturation in the brain.

Cloudyn raises $4 million

Less than a year after its previous financing round, Israeli startup Cloudyn is raising $4 million more from Infosys, one of the largest IT companies in India. Cloudyn aids organizations in cutting their cloud computing expenses by monitoring and analyzing activity on the public, private, and hybrid cloud.

The SaaS tool developed by Cloudyn helps organizations change work environments and adopt hybrid cloud services and interface with a number of clouds simultaneously. The analysis it provides enables its customers to spot unnecessary expenses and unutilized resources. It carries out simulations of running services between various clouds, and provides information about excessive allocation of resources to public, private, and hybrid clouds. The company’s solution enables its customers to arrive at the right composition of cloud services, thereby improving their operating performance and reducing the organization’s cloud costs. Among other things, the company currently supports Amazon’s AWS, Microsoft Azure, Google’s GCE and OpenStack. The company claims to monitor 8% of Amazon’s cloud platform.

Israeli company Formlabs raises $35 million

Israeli startup Formlabs, which is developing and producing 3D table printers, has announced a $35 million Series B financing round, led by Foundry Group. Previous investors also took part in the round, including DFJ Growth, Pitango Venture Capital, and former General Manager and Apple VP Europe Pascal Cagni. Together with the investment, the company announced a strategic partnership with AutoDesk for the purpose of improving digital design and production for product manufacturers throughout the world.

The company is designing and producing advanced and accessible 3D printing systems for engineers, designers, and artists. The company’s flagship product, the Form 2 3D printer, uses stereolithography to generate physical objects in high resolution from digital programs.

Israeli company Insert raises $10 million

Israeli startup Insertannounced that it had raised $10 million in its Series A financing round, led by Battery Ventures, with participation from its existing seed investors Shlomo Kramer, Rakesh Loonkar, and Mickey Boodaei. The current round puts the amount raised by the company to date at $15 million. In January 2015, the startup, then still operating under the radar, raised $5 million.

Insert offers a diverse catalogue of tools that a marketer can put into his or her mobile apps within minutes, without any development and without going through a process of getting approval again from the apps shop. The focus of the product is on enhancing the loyalty of users in the long term, and on increasing revenue from the app. The tools offered by the company enable the app owner to adapt the agreement with the user to his personal characteristics and his behavior on the app in the past and in real time. For example, Insert makes it possible to dynamically devise a process of accepting a new user, presenting personalized offers, running surveys, video clips, etc.

Israeli company Kaltura raises $50 million

Israeli startup Kaltura, which is developing an open-code video platform, has completed a $50 million pre-IPO financing round from the Goldman Sachs investment bank. The current round, the company’s Series E, puts the amount of capital raised by the company to date at over $150 million. Kaltura will use the additional capital to continue making its global mark and positioning itself as an “all-video” company, offering leading video solutions for many widely dispersed markets and a broad range of uses.

The platform developed by Kaltura enables its customers to increase their revenue from advertising, while sharing content, acquiring a broader audience, and cutting costs related to video broadcasting. The product offers an entire system that enables the customer to integrate video content on their websites and exercise complete control over the pushing of content to websites; statistical analysis; and other important tools for those distributing information in an organization. The system is able to provide a response to a variety of different platforms, including PCs, tablets, and cellular devices, while making adjustments to each of them.

Innoviz Technologies raises $9 million

Innoviz Technologies, an Israeli startup developing sensors and systems for the purpose of producing autonomously driven vehicles, announced that it had raised $9 million in its Series A financing round. The company’s investors include Zohar Zisapel; venture capital funds Vertex Venture Capital, Magma Venture Capital, and Amity Ventures; and Delek Investments.

Innoviz realized that development in the autonomous vehicle market was at its peak, but was still being delayed, due to the gap between the existing technology for scanning a vehicle’s maneuvering room and the ability to distinguish the surroundings in a way that will enable it to direct its path safely. The company is developing a sensor called light radar (LiDAR), a laser sensor that scans the vehicle’s surroundings very accurately, and builds around it a detailed 3D image. The company’s technology is called high definition solid-state LiDAR (HD-SSL). LiDAR allows action and sensing at long ranges of several hundred meters and high resolution on both axes, while significantly reducing the size of the product and reducing the price to less than $100 per unit, in contrast to tens of thousands of dollars at present. HD-SSL will serve as a basis for any sensing system need for autonomous driving.

Israeli Photomyne company raises $2.6 million

Israeli startup Photomyne has completed its seed financing round, raising $2.6 million from a number of Israeli investors, including Eddy Shalev, Yariv Gilat, Leon Recanati, and Yariv Eisenberg. The simplest solution today for creating a digital file from a physical picture is, of course, to scan or photograph using a smartphone. The problem is that this action requires the users to shoot every photo separately, and to edit it.

The Photomyne app, on the other hand, enables users to create digital versions of old pictures rapidly and fairly easily by photographing an entire page of the album (regardless of how many pictures it contains). The app will do all the hard work.

It is not even necessary to take the photos out of the album itself. The company claims that its solution is the only one currently on the market that makes it possible to scan pictures simultaneously with a single click.

Israeli company Scene53, developer of Shaker, acquired by Playstudios

Joining forces: American gaming company Playstudios this month acquired Israeli company Scene53, which specializes in games with many players in a mobile virtual environment. Over the past two years, the companies cooperated in developing the free-of-charge game Pop! Slots, a virtual casino that simulates the gaming experience in Las Vegas casinos. The game was launched two weeks ago, and is currently ranked in third place by App Store in the free casino games category. Playstudios, which is responsible for the popular MyVegas Slots game, owns the exclusive right to the famous casino labels of the MGM group in Las Vegas.

Playstudios contacted Scene53 with an offer for a joint venture based on the Scene53 game experience that would enable the players to “visit” a virtual version of giant brands, such as MGM Grand and Bellagio, play together online with friends, win real prizes, such as an evening in a hotel or a ticket to a show, all from their smartphone or tablet. Close to the launch, Playstudios offered to acquire Scene53, and turn the company into its subsidiary. Playstudios Israel will now operate as an independent games studio, focusing on continued development of POP! Slots, and will expand in the future to other games using the technology.

ForClass acquired by Time To Know for millions of shekels

Israeli company Time To Know is acquiring Israeli startup ForClass, which offers a platform for improving learning for teachers and students. The acquiring company provides solutions for creating digital teaching and study programs. The official amount of the deal was not disclosed, but is estimated in the millions of shekels. The acquired company will continue to offer its product to users at least until the end of the coming school year.

Chief product officer Gad Allon, CTO Ofer Belinsky, and CEO Boaz Shedletsky founded ForClass in 2013. The company offers a cloud-based fully integrated cross-platform tool aimed at helping to distribute content, assess students, and manage a class. The overall purpose of the product is to encourage students’ involvement in class.

Connecteam raising $1 million from Wix founders

Israeli startup Connecteam has developed a system enabling any organization to develop its own special app within minutes, at an extremely accessible price. The startup this month announced a $1 million financing round from Wix’s investors, and the commercial launch of the system.

The platform developed by Connecteam enables any organization to develop an internal branded free organizational app for its employees in minutes, with no need for technical support. The app enables managers to communicate directly with every employee, obtain feedback about which employee read the notice or saw the video clip, deliver professional updates and online training through the app, operate a location-based time card, conduct surveys, create a list of tasks, and manage shifts. Managers can also monitor their employees’ performances in real time, and detect opportunities for making the workplace more efficient, thus saving time and money. The employees, for their part, enjoy various tools, such as complete access to company documents and information previously inaccessible to them.

Israeli company Dojo Labs acquired by BullGuard

Israeli IoT security company Dojo Labs has been acquired by UK anti-virus manufacturer BullGuard. The Israeli company is developing a unique security gadget that provides remote protection against burglars for all home appliances, and guards the users’ privacy. The companies published no other information about the deal.

The company has developed a gadget named Dojo that connects smoothly with our home router and guards the home network, without any prior knowledge about information security or operation of a firewall being required from the users. Dojo will warn and halt any activity that appears suspicious to it, whether an external hacker is trying to break into the home network or if one of the smart appliances is trying to send out of the home information that is not supposed to reach an external party. If such an event occurs, Dojo will send a warning to the special app on the user’s smartphone, and ask them for instruction on what to do about the problem, whether the attempted communications should be allowed or blocked.

Israeli company SAIPS acquired by Ford

Israeli startup SAIPS develops computer vision and machine learning solutions. Founded in 2013, the company has announced its acquisition by US auto giant Ford. The acquisition price was not disclosed, but is believed to be in the tens of millions of dollars. Before the acquisition, the entrepreneurs were the sole shareholders in the company, in which no external investments were made since its founding.

SAIPS specializes in developing algorithms based on Deep Neural Networks. Its portfolio includes a number of technologies designed to provide a solution to quite a few challenges in the computer vision field: recognition of patterns and anomalies, detection and tracking, 3D, behavior prediction, positioning, image enhancement, and more.

Following the acquisition, SAIPS will help Ford develop the advanced artificial intelligence algorithms needed to map a car’s dynamic surroundings and make complicated split-second decisions, which will be crucial to autonomous cars’ functioning.

ColorChip raising $20 million more

Less than a year after completing a $25 million financing round, the Israeli company announced a financing round to raise $20 million more from its existing investors and new investors. The company is developing optical communications technology that makes it possible to transport effectively the bandwidth needed for the large volume of information in large and overloaded data centers.

ColorChip produces the components needed to create optical communications for operating the data centers of leading technology providers. The transceivers and splitters made by the company make it possible to transport effectively the bandwidth needed for the large volume of information in large data centers. The company’s technology, which is protected by patents from universities in Israel and special patents developed in the company, is based on ion exchange in glass. There are many applications of this technology, including optical splitters in communications closets and optical heads for broadcasters and receivers with very high rates of information traffic, reaching 1 Tbsp for ranges of kilometers.

Israeli company Jeeng raises $500,000

Jeeng, which is developing a solution for smarter following up of content, and seeks to become the world’s leading content follow-up system, announced a $500,000 financing round this month. Participants in the round included Krypton Venture Capital, the WebPick group, Gigi Levy, Startups 500, Aryeh Mergi, and others.

Jeeng has developed a smart tool for installation on content websites. It can analyze the content of any article or page and generate topics for follow-up, based on an understanding of the content. For example, if a user is reading an article about rumors concerning the new iPhone, Jeeng will suggest that the user click on a button to access additional articles about the mobile field in general, or about the iPhone in particular, about Apple Computers, iPhone prices, etc.

CEO Shlomi Haybi and CTO Roma Bronstein founded Jeeng in 2015. The company has operated on a limited format to date with publishers in order to test the follow-up technology and its content analysis algorithm. Now, with a little more cash in the kitty, it plans to expand its activity to additional customers around the world.

Somoto acquires Meme Video for $13 million

Somoto, a Tel Aviv Stock Exchange-listed company, announced this month that it had acquired Israeli ad tech company Meme Vido for $13 million in cash and shares. Meme Video, which specializes in advertising optimization for various target markets, reported an operating profit last year.

Meme Video’s video advertising business is based on technology developed by it and third parties. The company has developed tools for the digital video segment, which includes, among other things, Ad Server, Waterfall, tools for big data analysis, and a system of algorithms that makes it possible to optimize the price of digital media space.

Israeli company Nutrinia raises $30 million

Israeli company Nutrinia, which has developed a special form of insulin for feeding premature infants and children following a shortening of the intestine, announced that it had completed their Series D financing round, in which it raised $30 million. The current round was led by the TPG Biotech fund, with participation from the WuXi Healthcare Ventures and H.I.G. BioHealth Partners funds, as well as from existing investors, including Pontifax Venture Capital and Orbimed. Nutrinia will use the money it raised to finance two key clinical trials of its product in the US and Europe.

The special insulin developed by the company enables the intestine to absorb food and consequently assists proper development in an infant. The function of the insulin-based drug is to improve the digestive process among infants and increase the pace at which they gain weight, an extremely important question, especially for premature babies. Nutrinia’s product also has great potential in the prevention of chronic diseases, such as Type 1 (juvenile) diabetes, various allergies, and obesity. The Israeli company’s product remains durable at different temperatures and can be easily dissolved into any formula, or into mother’s milk.

Israeli company CellSavers raises $15 million

Startup CellSavers, which provides on-demand smartphone repair service, has announced the completion of another financing round, in which it raised $15 million. Carmel Ventures led the round, with participation from Sequoia Capital Israel. The current round follows CellSavers’ $3 million seed round, which Sequoia led in December 2015.

CellSavers offers what amounts to a rescue service for your smartphone; it puts at the customers’ disposal an array of independent technicians who will repair the broken-down device at the time and in the place you prefer, whether at home, in the office, a café, or a gym. The technicians with whom the company works undergo comprehensive testing and checks, and offer their services at a price fixed in advance, while standing behind the company slogan “for life.” The process of ordering the repair takes place online, based on the predetermined fixed prices, without unpleasant surprises, and with the help of assistance from carefully selected experts. The service is usually provided within 30 minutes or less. In principle, the aim is for the technician to visit the customers within 60 minutes, regardless of where the customer is.

HoneyBook raises $14 million

HoneyBook offers professionals involved in organizing events a single platform to manage for them all the fatiguing bureaucratic procedures in their work: price bids, contracts, clearance, writing invoices, and handling the contract between the professional and the customers. Among other things, the company is aiming at event organizers, photographers, DJs, hair stylists, event hall owners, flower arrangement artists, etc. According to the company, these are “creative” professions, and bureaucratic paperwork detracts from the flow of their work.

The company recently completed a $14 million financing round, with participation from Vintage Investment Partners and Tank Hill Ventures, as well as all of the company’s previous investors. The latest financing round brings the cumulative capital raised by the company to $46 million, giving it an estimated market value of NIS 170 million.

Uber acquires Otto for $680 million

Otto, an Israeli-American company founded in 2016, is on its way to being acquired by Uber for $680 million. The anticipated signing of the deal followed a week awash with significant announcements in the auto technology industry about autonomous vehicles. Anyone questioning how close we are to an era in which cars, buses, and trucks will drive themselves heard in recent days about a series of concrete steps that have been taken in the last several months. For Otto, this exit is coming very early. The company, founded only eight months ago, has 90 employees, and the price for its acquisition amounts to about 1% of the value of Uber itself.

In recent years, for a wide variety of reasons, the United States has faced a gaping shortage of truck drivers, with growing demand for rapid, land-based transportation of goods. Otto, which noticed this need, combined it with one of the hottest trends in the current global technology market: autonomous vehicles. At a time when the auto industry is busy designing an autonomous vehicle from scratch for the private market, Otto, operating in a completely different sphere, has developed systems that can turn existing trucks into autonomous ones, obviating the need for human beings on the one hand, and appealing to the auto industry in general on the other.

BigaBid raises $2 million

Israeli ad tech startup BigaBid is developing technology for automatic real-time optimization on the various digital stock exchanges. In simple language, the company has developed technology that seeks to replace to some degree the media buyers and analysts with a single computerized smart brain. In order to continue doing so, the company announced this month the completion of a $2 million seed financing round from Naftali Investments and a number of angels, including Gur Shomron.

Using BigaBid’s soluition, app developers can reach the market of users most relevant to them, and focus on users with the highest value. By analyzing the users’ actions, the “brain” generates profiles, and in effect understands who each user is, making it possible to offer each and every user the relevant app (the information of course remains anonymous).

Taiwanese company GMobi acquires Israeli company MassiveImpact

Taiwanese company GMobi announced its acquisition of Israeli company MassiveImpact in order to reinforce its focus on mobile advertising.

Founded in 2007, MassiveImpact initially offered advertising tools for platforms such as SMS and MMS. When smartphones became ubiquitous, the company switched to developing smarter advertising tools adapted to them, and offered a model in which the advertiser paid only when a purchase, download, or incoming call at a company’s sales center was made.

Israeli company NLT Spine acquired by SeaSpine

American company SeaSpine Holdings Corporation has finalized an agreement to acquire Israel medical equipment company NLT Spine, which develops implants and devices for the treatment of orthopedic problems. SeaSpine will initially pay $1 million in cash for the acquisition, plus additional payments up to a maximum of $43 million if the Israeli company achieves commercial and regulatory targets.

NLT Spine develops a variety of products for minimally invasive spinal surgery (MISS) to treat degenerative spinal conditions. The company’s products and implants, which can be inserted through a small incision, expand and grow into their final shape only when they are already inside the patient’s body.

Israeli company SkyGiraffe raises $6 million

Israeli startup SkyGiraffe, which is developing a cloud platform for generating organizational apps and management on the cloud, announced that it has completed another financing round, in which it raised $6 million. SGVC led the current round, together with Trilogy Equity Partners, Heroku founder and CEO James Lindenbaum, Parse founder and CEO and Y Combinator partner Ilya Sukhar, and Lookout founder and CTO Kevin Mahaffey.

SkyGiraffe has developed a cloud platform for managing organizations through native business apps installed on the employees’ cellular devices. The company’s product, SkyGiraffe Studio, makes it possible to create apps personally adapted to the needs of employees in various departments, according to the information and specifically relevant access for them. Using the product, information managers in a company can create apps in an especially short time of 15 minutes, while the final product not only allows access to the information, but also accommodates changes and synchronization with the end user. For example, store managers can receive remote updates on products inventories, check which employees appeared for a shift, and even order the necessary products, together with the possibility of being in touch with more employees in the organization.

MOBILAB raises $1 million

A new venture named MOBILAB is threatening to make everyone’s nightmare a little less nightmarish. Within 10 minutes to one hour of receiving a call, a technician will visit you and repair your home appliance. Meanwhile, the company has raised $1 million from private investors.

The model on which MOBILAB operates is very similar to what Gett does with taxis. In other words, the company connects the technicians in its database to nearby customers in need of a repair. The company emphasizes that every technician included in its database has undergone a meticulous selection process, including personality, reliability, and professional tests. He also undergoes the company’s professional training process. Every technician comes to the customer’s home with all the necessary laboratory equipment, original spare parts, and supplementary accessories, such as a screen protector and batteries, which are offered to the customer.

User1st raises $3 million

Nearly three years have passed since the new regulations concerning access to sites for the handicapped went into effect. Israeli startup User1st is seeking to help site owners by making the adjustment process much simpler and faster. Actually, the company enables every site or web-based app to become accessible in compliance with a series of international standards, according to the WCAG 2.0 guidelines developed by the W3C global Internet organization.
This month, the company announced the completion of a $3 million financing round. The Cornerstone fund led the current round, together with 500 Startups, 888 founder Eyal Shaked, and Nissim Barel. $5 million has been invested in the company since it was founded. In 2014, User1st won the Prime Minister’s First Prize for Initiatives and Innovation.

IntSights completes $7.5 million financing round

IntSights Cyber Intelligence, a cyber intelligence company founded a year ago by IDF cyber and intelligence units veterans CEO Guy Nizan, CPO Alon Arvatz, and CTO Gal Ben David, announced this month that it had completed a $7.5 million financing round. IntSights provides high-quality intelligence to companies. Its security experts are trying to think like the attackers in order to understand their methods and ways of acting. The company is also offering a way of dealing with intelligence alerts in which all the customer has to do is click on a button.

Israeli company Behalf raises $27 million

Israeli payments platform Behalf, which offers a unique loan solution for small businesses, announced that it had completed another financing round in which $27 million had been raised. Leading the round was Viola Growth, with participation from existing investors, including Sequoia Capital, MissionOG, Spark Capital, and Vintage. The startup provides a special loan service for small businesses based on a direct connection with their suppliers. The capital raised in the round will enable Behalf to expand its sales and marketing efforts, and to develop new products.

Behalf’s credit model is different from ordinary credit: Instead of giving small businesses money, the company pays the businesses’ suppliers. Behalf gives its customers lines of credit ranging from $300 to $50,000 for up to 150 days. The company charges between $11 and $30 for each $1,000 it lends. As befits a startup, there is no need for a personal meeting or branches. The borrower just fills out a short questionnaire with four questions online. Within 60 seconds, the customer receives an estimate of the credit that the company will extend to them, and can select a suitable payments plan.

Compass raises $75 million

Compass, a startup founded by Ori Allon (better known as the owner of the Hapoal Jerusalem basketball team), has announced the completion of a $75 million financing round. The round is believed to reflect a company value of over $1 billion for Compass. Wellington Management led the current round, with participation from previous investors in the company, including the 406 Ventures and Thrive Capital funds, and also the Founders Fund venture capital fund.

The concept behind Compass is designed to make the process of searching for and finding an apartment in high-demand areas throughout the United States more available and accessible than in the past. The company offers a platform that enables users and agents to make better-informed real estate decisions through a display of detailed real-time information about pricing trends and market fluctuations. In addition, the platform displays detailed information about areas, neighborhoods, other deals made, entertainment spots, education, etc.

Israeli company Revuze raises $4 million

Israeli startup Revuze is developing text analysis technology focusing on criticism by users, and actually any opinion expressed by a customer about a brand, product, or service. Sources reported this month that the company had completed a $4 million seed round led by the Nielsen Innovate incubator (Revuez is one of the incubator’s portfolio companies), NPD Group, and TIC group.

Revuze is offering a smart platform able to extract business value from users’ criticisms. The tool scans the various critiques, and singles out hot topics, from which it selects the most relevant parts in order to enable the company to take them into consideration, and to improve accordingly. In this way, e-commerce websites of all types (such as a toy shop, an airline, a bank, a fashion chain, etc.) can learn what the customer really think about them, and about all the entire process, from the buying process to the level of service.

Beyond Verbal raises $3 million

Israeli company Beyond Verbal, which has developed a platform for voice-based emotional analysis, this month announced a $3 million Series A funding round. Chinese technology giant Kuang Chi Science Ltd. led the round. The company uses machine learning to decode emotions, emotional states, and states of health using voice intonations. Through the technology developed by the company, it is possible, for example, to improve the effectiveness of telephone service centers and monitor states of health for extended periods. Beyond Verbal has collected over 2.5 million emotionally labeled voices in over 40 languages to date.

Beyond Verbal has developed an artificial intelligence platform and an algorithm enabling it to understand human states of health and emotional states, because its technology analyzes the speaker’s voice in real time. It thereby adds a layer of emotional information to a variety of measures and instruments, includes apps, hearing accessories, wearable devices, and organizational solutions.

Revelator raises $2.5 million

The transition to digital has brought quite a few challenges for content companies and artists, including preservation of copyrights and keeping track of the popularity and distribution of their creations. This month, Israeli startup Revelator, which is developing a platform for managing copyrights, announced that it had completed a $2.5 million financing round led by strategic investor Exigent Capital, with participation from Digital Currency Group and the Reinvent venture capital fund.

Once artists and music companies put their music on the company’s servers, Revelator’s platform enables them to keep track of the music’s distribution, the number of times it is played, and the sources making use of it. If, for example, a podcast producer uses the system, he can follow the number of times it is played, the number of times it is installed, and receive royalties for each time it is played. The system, which is offered in an SaaS model, provides artists and music companies with a great deal of information about the distribution figures for their music, and integrates reports, analytics, and sales.


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