Participated · Equity · Nov 2018

OpenLegacy provides a platform that connects directly to legacy and core systems and automatically generates microservice-based APIs to accelerate digital transformation. The platform is deployable on-premises or in the cloud and is compatible with modern code development practices, enabling integration into existing or new DevOps pipelines. OpenLegacy's solution is designed to reduce the time, cost and risk typically associated with modernization projects. The company is led by Ron Rabinowitz, President, and is used by large enterprises including Citi, Liberty Mutual, FIS and BNP Paribas-Cardif. Financially, the company received a $20M strategic investment from SBI Holdings to support its activities and broader adoption. OpenLegacy provides microservices-based API integration that automates and standardizes the creation of digital services for complex back-end systems. Its platform exposes microservice-based APIs that let organizations accelerate delivery of new digital initiatives without changing their back-end systems. The company is led by Romi Stein (CEO), Roi Mor (CTO) and Ron Rabinowitz (CFO & COO). OpenLegacy is a flagship company of “The Floor,” a global innovation platform partnered with banks such as HSBC, Santander, RBS, Intesa SanPaolo, Deutsche Bank and SMBC alongside Intel and Accenture. The company closed a $30M funding round and intends to use the proceeds to further expand its business reach.