Participated · Series D · May 2019

Logz.io packages leading open-source monitoring tools into a unified, fully managed SaaS observability platform. Its four core products are Log Management built on ELK, Infrastructure Monitoring based on Grafana, Distributed Tracing based on Jaeger, and an ELK-based Cloud SIEM. The company supports over 800 customers globally and reported a record number of new customers in 2020, including customers such as Dish Networks, Siemens, Unity, and ZipRecruiter. Recent product activity includes the launch of a Jaeger-based Distributed Tracing solution and Smart Tiering log data management, alongside additions to its senior SaaS leadership team. Logz.io plans to use new capital to accelerate AI and machine learning product development, expand headcount, and propel global go-to-market activities. The company announced a $23 million financing that contributes to its stated available capital for growth and product investment. Logz.io packages popular open-source tools (Elasticsearch, Logstash, Kibana and Grafana) and offers them as an easy-to-consume cloud service for log management and analytics. Its platform intelligently scans logs for anomalies and surfaces issues to IT or security teams, integrating with incident tools such as PagerDuty. The company positions itself against legacy vendors like Splunk and Sumo Logic by building on an existing open-source developer community. Founder and CEO Tomer Levy says the product arose from problems the team experienced in prior roles. Logz.io reports about 700 customers, including Schneider Electric, The Economist and British Airways. The company has 175 employees and plans to grow headcount by an additional 250 by the end of the year. Financially, Logz.io announced a $52M Series D and has raised nearly $100M in total according to Crunchbase. Logz.io is an intelligent log analytics platform that combines the open-source ELK (Elasticsearch, Logstash, Kibana) stack as a cloud service with machine learning. It derives insights from machine data, user behavior and community knowledge to help organizations resolve issues faster and improve operations. Recent platform features include Application Insights for faster incident detection and Data Optimizer to reduce data-retention costs by identifying valuable logs and appropriate retention periods. The company serves enterprise customers including Oracle, Intel, British Airways and Electronic Arts. Led by CEO and co-founder Tomer Levy, Logz.io plans to use the new funding for go-to-market expansion and continued product innovation. Following the Series C, the company has raised $47M in total capital to date. Logz.io provides an AI-powered log analysis platform that combines machine learning and human interaction with the open-source ELK Stack delivered as a cloud service. Founded in October 2014 by CEO Tomer Levy, the company is based in New York City and Tel Aviv. It serves more than 1,000 companies across 80 countries, including Dyn, Turner Media, British Airways, ServiceNow, and Electronic Arts. Logz.io's automated scientific process uncovers overlooked events and provides context, severity, relevance, and actionable next steps for DevOps and IT operations. The company intends to use recent funding to scale globally and expand its worldwide sales organization. As part of that expansion it hired Bridget Gleason as VP of Sales and added Jim Baum of OpenView to its board. Logz.io offers the open-source ELK stack (Elasticsearch, Logstash, Kibana) as a predictive, enterprise-grade Software-as-a-Service platform. The service combines ELK with machine-learning algorithms to surface critical log events before they impact operations. The platform emphasizes simple setup, seamless scalability, enterprise-grade features, and strict security standards while leveraging open-source community innovations. Logz.io was led by co-founders Tomer Levy and Asaf Yigal, and the company described its technologies as similar to those used in Israeli naval warfare, positioning the product as "battle ready" for enterprises. Prior to launch the company onboarded hundreds of companies worldwide, with named users including Playbuzz, Asurion/Soluto, BigPanda, Mirakl and Applicaster; Playbuzz was noted as having tens of millions of unique visitors per month. The company announced an $8M financing to accelerate product development and to build sales, marketing, and support teams.

Participated · Equity · May 2017

Mintigo is a San Mateo, Calif.-based SaaS, AI-powered B2B customer intelligence platform led by CEO and co-founder Jacob Shama. The platform helps revenue teams discover their total addressable market, build target audiences around key insights, and orchestrate campaigns at scale. Mintigo recently introduced advanced targeting capabilities, first- and third-party intent data monitoring to track buying signals, and sales enablement tools that provide sellers with guidance on offers and engagement. Customers include B2B mid-market and enterprise companies. The company completed a $7M funding round and intends to use the funds to expand operations, accelerate global market penetration, and innovate on its AI-driven ABM engagement and optimization capabilities while expanding its proprietary global database of buying signals and insights. Mintigo is an enterprise AI platform for marketing and sales based in San Mateo, Calif. The company provides a technology platform that uses artificial intelligence and predictive analytics to help B2B organizations identify prospects most likely to buy and to give marketing and sales teams actionable insights. Mintigo continuously collects over 3,000 data points on more than 50 million companies and 200 million professionals worldwide. Clients include Oracle, Getty Images, Red Hat, Insight, CA, Workfront, Equinix, SolarWinds, Time Warner Cable and Neustar. Led by CEO and co-founder Jacob Shama, Mintigo raised $10M in funding and plans to use the proceeds to accelerate global growth. Backers on the round included Glilot Capital Partners, Sequoia Capital IL, Adams Street Partners, Giza Venture Capital, Maverick Ventures and Vintage Investment Partners. Mintigo provides a cloud-based software platform that enables sales and marketing teams to use data and predictive analytics to increase sales. The platform draws on a data pool covering more than 200 million individuals and 15 million companies. Mintigo is integrated with major marketing clouds including Oracle, Salesforce, Microsoft, Adobe and Marketo. Its customer roster includes enterprise clients such as Oracle, Getty Images, TeleTech, Red Hat, Workfront, Equinix, SolarWinds, Time Warner Cable and Neustar. The company is led by CEO Jacob Shama and CTO Tal Segalov and is based in San Mateo, CA. It intends to use recent funding to expand growth. Mintigo provides marketing intelligence that analyzes web and social network data to identify prospects most likely to respond to specific campaigns and to recommend the message likely to drive engagement. The company pulls data from the web and social profiles and maintains an InterestBase that matches about 1 million profiles each week for customers. Mintigo positions itself as an “air traffic controller” for marketers and salespeople, mapping viable prospects into actionable segments. It offers integrations with Marketo and Salesforce and exposes an API for customers. The company reports more than 100 customers, including Edmunds, BMC, Cloudera, and DocuSign. CEO and co-founder Jacob Shama emphasizes finding engagement opportunities across multiple data sources rather than simple lead scoring. Mintigo offers a customer-targeting and acquisition solution: a custom engine that analyzes a company's existing customer base to derive a 'Customer Code' and then crawls the web to find matching prospects. Its software crawls company websites, directories, boards, and social networks including Facebook and LinkedIn to extract contact details and identify high-potential leads. Mintigo reports it can identify the correct contact (email and phone) in 90% of leads, that 87% of those leads were new compared with other sources, and that leads produced four- to eight-times higher response and conversion rates in a direct email campaign. The company is already working with businesses in the technology, mobile, and insurance industries to improve sales conversion rates. Financially, Mintigo announced a $9 million Series B round led by Sequoia Capital, Giza Venture Capital, and other private investors.

Participated · Series A · Mar 2017

CareDox provides a secure, HIPAA- and FERPA-compliant healthcare technology platform for K-12 public schools that captures student medical charts, medications and immunizations and delivers alerts to parents and providers. Led by CEO Hesky Kutscher, the company aims to bridge the gap between schools, parents and medical professionals to enable a new kind of pediatric care delivery system. CareDox currently serves more than 2 million children through its work with over 4,000 schools and several large healthcare payers nationwide. The platform is being used to support public-health initiatives, most recently via a partnership with HealthySchools to manage digital workflows for influenza vaccination and well-care visit programs for underserved children. The company is New York City–based and focuses on integrating school health data with caregivers and medical providers. The product emphasis is on secure, scalable digital workflows to improve pediatric health access in schools. CareDox provides a free digital health platform that enables schools to electronically manage student health data and communicate information among schools, parents and pediatricians. Its electronic health records platform aggregates student health data so administrators can seek funding and support. The company plans to use the funding to accelerate adoption of its platform and expand its ecosystem of healthcare providers. CareDox is led by CEO and founder Hesky Kutscher. The company reports over 1.5 million students on the platform via partnerships with more than 2,000 U.S. public schools. The recent fundraise strengthens its position to grow school and provider adoption. CareDox raised $2.8M in seed equity and debt financing led by Texo Ventures and Prolog Ventures. Western Technology Investment provided $1.5M in venture debt as part of the transaction. The company has now raised $6.9M to date. CareDox is a NYC-based provider led by Founder and CEO Hesky Kutscher. Its platform delivers free digital health tools for K–12 public schools and supports over 1 million students across 28 states, serving more than 2,000 schools and school nurses. The company intends to use the funds to expand sales and engineering functions in New York City and to develop strategic partnerships with leaders in pediatric health.

Participated · Series A · Sep 2015

Crosswise has developed a cross-device identification mapping platform that anonymously identifies which devices—such as smartphones, tablets, PCs and digital TVs—are being used by individual consumers. It relies on proprietary machine learning, data science and Big Data technologies to build its device map. The device map is marketed to ad tech vendors, retail brands and premium publishers to enable cross-device advertising, content personalization and analytics. Led by founder and CEO Steven Glanz, Crosswise intends to use the funding to expand its international presence and increase sales and marketing efforts. The company closed a $3M Series A round of financing led by Pereg Ventures with participation from ZhenFund, Emerge and existing investors Giza Venture Capital, OurCrowd and Horizons Ventures. The announcement was reported in February 2015.

Participated · Series D · Jun 2015

WalkMe provides a context-intelligent digital adoption platform that anticipates users’ needs and delivers help via insights, engagement, guidance and automation using artificial intelligence and machine learning. The company is led by co-founder and president Rafael Sweary and is headquartered in San Francisco, CA. Its platform is used by more than 2,000 companies globally, including over 30% of Fortune 500 companies. In Q2 2019 WalkMe crossed $100 million in ARR, and in Q3 2019 new business bookings grew 100% year-over-year. WalkMe intends to use the new funding to continue scaling operations and to expand its business reach into new markets, including Latin America. WalkMe is a San Francisco–based provider of a Digital Adoption Platform (DAP) that uses artificial intelligence, engagement, guidance and automation to assist users in completing tasks within enterprise software, mobile applications, and websites. Founded in 2011 by Raphael Sweary, the company’s software is used by nearly 2,000 enterprises globally. WalkMe already has a meaningful presence in the Asia Pacific region, with offices in Australia and Japan. The company intends to use the new funds to expand and localize its DAP offering in the Asia Pacific market through Singapore. Financially, WalkMe has raised $217.5M to date, including a Series F that totaled $50M. The Series F included a $10M investment from Singapore-based EDBI alongside lead investors Insight Venture Partners and Mangrove Capital Partners. WalkMe builds a digital adoption platform that overlays on customers' apps to guide users, automate steps, and reduce friction using machine learning and big-data analytics. Its technology includes UI-reading capabilities, automation to fill information and complete tasks, and white-label deployment so guidance is often invisible to end users. The company serves about 2,000 customers globally, including more than 30% of the Fortune 500, and reports roughly equal split between B2B and B2B2C with 40% of sales from repeat customers. WalkMe has expanded its stack through internal development and acquisitions, most recently buying DeepUI, a stealth startup focused on deep-learning UI analytics. The company plans to use new capital to grow in local markets across Europe and Asia Pacific and continue building out its platform. WalkMe was founded in 2011 and is Israel-based; a source told TechCrunch its valuation is now over $1 billion and total capital raised is $207.5 million. WalkMe’s core product is a cloud platform that observes user behavior on web and mobile interfaces and provides on-screen guidance, prompts and recommendations powered by data and machine learning. The platform aims to improve UX and task completion times for employees and customers, and is offered on a freemium pricing model. WalkMe reports thousands of customers, including 25% of the Fortune 500, with named customers such as OpenTable, Microsoft and Adobe. The company says it is not currently profitable by design but is seeing “over hundreds percent” year-over-year growth in usage. WalkMe has made acquisitions to expand its capabilities, including abbi.io (A/B testing on mobile) and Jaco (visual analytics). It plans to use new funding to expand into markets such as Japan, Germany and Latin America and to pursue further acquisitions to build out its big data and machine-learning capabilities. WalkMe provides a cloud-based on-screen guidance platform that helps users navigate confusing or complicated online services. It focuses on making websites easier for consumers to use and already serves over 700 customers, including MasterCard, PayPal, BT, the U.S. Postal Service and Pandora. The company has exceeded revenue targets for the last six quarters and reports recurring revenue in the "tens of millions." WalkMe plans to use new funding to expand into mobile services and to develop additional machine-learning-driven products, with a machine-learning product planned for later in the year. Mobile offerings are already available for apps, and management said it may pursue an acquisition to accelerate growth in that area. WalkMe is based in San Francisco with R&D roots in Tel Aviv and has confirmed it is moving toward an IPO, though no timeline has been set.