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The Venture Codex

Spring Ventures

94 Yigal Alon Street, Tel Aviv, 6789139, Israel

Overview

Spring Ventures investment objective is to seek a long-term capital appreciation by investing in a diversified portfolio, while taking advantage of technology-based platforms, global market trends and our expertise.

Total investments
12
Lead investments
2
Investments · 12mo
0
Active investors
1

Sector focus

  • Cyber Security
  • Venture Capital
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Investment portfolio

  • Liberty Pixel

    Led · Seed · May 2024

    Liberty Pixel is a casual gaming company founded by Shay Hugi and Michal Rahamim Maor that develops mobile titles for iPhone and Android. Its flagship game, SkeeBoost, is a skill-based casual experience offering modes such as battle royale and classic 1v1. SkeeBoost launched in Q1 and has attracted thousands of players worldwide since release. The studio focuses on creating engaging, competitive match-based play for a broad mobile audience. Liberty Pixel intends to use new funding to expand its team and scale SkeeBoost. The company raised external capital in a Pre-Seed round to support those growth plans.

  • Twelve Labs

    Participated · Seed · Dec 2022

    TwelveLabs develops foundational video models and an end-to-end video cognition platform that converts raw video into structured, searchable intelligence. Its Marengo 3.0 model provides advanced video embeddings and its Pegasus 1.5 model extracts structured scene boundaries, entities, and temporal segments; both models are distributed via TwelveLabs’ API and Amazon Bedrock. The company has begun moving beyond models into a full-stack agentic architecture that maintains persistent, compoundable memory of indexed video and ships application-layer products such as Rodeo. TwelveLabs counts customers and traction in media and entertainment and is expanding into government and other verticals including advertising, security, sports, and automotive. It operates R&D in San Francisco and Seoul and plans geographic expansion with new offices in New York and London. The company also maintains a strategic partnership with AWS, including optimization on Trainium chips and prioritized model launches on AWS.

  • Perimeter 81

    Participated · Series C · Jun 2022

    Perimeter 81 offers a cloud-delivered SSE platform that enforces a zero trust architecture to secure remote access, network traffic, and endpoint devices. Its product portfolio includes Zero Trust Network Access, Firewall as a Service, and Secure Web Gateway offerings, along with an agentless VPN and a multi-tenant solution for channel partners, MSPs, and MSSPs. The company reports roughly 2,400 customers spanning SMBs to Fortune 500s and has more than 250 employees across Tel Aviv, New York, and Los Angeles. Perimeter 81 has more than doubled its annual recurring revenue year over year. The financing will be used to accelerate growth, hiring, and product development as the company seeks to further disrupt the network security market. Named a Forrester ZTNA New Wave Leader, Perimeter 81 emphasizes ease of use and simplicity to drive security adoption for modern distributed workforces. Perimeter 81 offers a user-centric Secure Network as a Service and SASE platform that consolidates networking and cloud security tools to replace legacy VPN and hardware firewalls. The product set includes secure access to local networks, cloud environments, business applications, DNS filtering, branch interconnectivity, endpoint security and planned FWaaS features in collaboration with SonicWall. The company has seen rapid commercial traction, acquiring close to 1,000 customers including Fortune 500 firms and growing ARR over 400% year-over-year. Perimeter 81 is expanding its team across sales, marketing and R&D and opening a new office in California to support growth. The company plans to use recent funding to accelerate hiring and product development and to continue rolling out security features throughout 2020. Founders Amit Bareket and Sagi Gidali lead the company from its Tel Aviv headquarters with offices in New York and California. Perimeter 81 delivers a cloud-agnostic Zero Trust Secure Network as a Service that unifies network and security capabilities in a 100% cloud platform. Its core product is a SASE platform (unveiled in February 2020) that combines Network as a Service with advanced cloud security capabilities licensed from SonicWall to secure access to local resources, cloud environments, and applications. The company reported 450% growth in 2019 and has acquired more than 620 clients, including Fortune 500 and other prominent organizations across government, entertainment, technology and AI. Over the next few months Perimeter 81 will add user and branch internet security, branch interconnectivity, and endpoint security to its offering. Financially, the company has raised $19.5 million in under twelve months and recently closed a $4.5 million Series A extension to accelerate development and go-to-market efforts. Perimeter 81 was founded by Amit Bareket and Sagi Gidali and emphasizes a user-centric, simplified alternative to legacy network security for remote and mobile workforces. Perimeter 81 provides a cloud-based Zero Trust Network as a Service that secures access to internal resources, user and branch internet security, branch interconnectivity and endpoint security. The company serves clients from SMBs up to Fortune 500 businesses across a wide range of sectors. Its channel includes major integrators, managed service providers and resellers. Perimeter 81 is led by co‑founders Amit Bareket and Sagi Gidali. The company recently strengthened its product roadmap and go-to-market by signing a mutual OEM agreement with SonicWall to integrate next‑generation firewall and cybersecurity capabilities. Financially, Perimeter 81 raised $10M in a Series A to support growth and product integration efforts. Perimeter 81 offers a SaaS software solution that simplifies secure network access for distributed workforces, with customizable networking capabilities and advanced security features. The platform ensures secure access at both the network and application level and supports automatic gateway deployment, multi‑tenant management, and full network visibility. The company serves customers ranging from midsize businesses to Fortune 500s across government, entertainment, technology, and AI sectors and partners with integrators, managed service providers, and channel resellers. Perimeter 81 is led by founders Amit Bareket (CEO) and Sagi Gidali (CPO) and is based in Tel Aviv, Israel, with a New York office. The company said it will use new funding to accelerate growth by expanding sales, marketing, and R&D teams and by developing new cloud firewall capabilities. The recent financing supports its go‑to‑market and product development plans for cloud and distributed workforce security.

  • Visionary.ai

    Participated · Seed · Mar 2022

    Visionary.ai develops AI for real-time video enhancement, enabling cameras to achieve high-level image quality. Its core technology includes a de-noiser and a software-based Image Signal Processor (ISP) that leverage AI on the Edge. The solutions target a range of industries including consumer electronics, drones, robotics, mobility, and medical imaging. The company is led by CEO Oren Debbi and is based in Jerusalem, Israel. Visionary.ai received an investment from National Grid Partners and plans to use the funds to accelerate adoption of its vision enhancement solutions. The amount of the deal was not disclosed. Visionary.ai is a Jerusalem-based computer vision startup founded in 2021 by Oren Debbi and Yoav Taieb. It develops AI-powered software that enhances image quality in laptops, tablets, phones, webcams and other cameras by operating inside the Image Signal Processor (ISP). The software optimizes light, sharpness, and clarity in real time with no additional hardware. Visionary.ai's ISP is customizable, enabling updates to be deployed so cameras can stay at the forefront of image technology. The company raised $2.5M in a funding round led by Ibex Investors, with participation from Spring Ventures and Capital Point. The round brought its total capital raised to $7M, and proceeds will be used for R&D and business development. Visionary.ai builds AI-based image signal processing algorithms that significantly improve digital image and video quality in low light, fog, WDR, and other low-visibility conditions. Their software can be applied to images and videos from all cameras to deliver improvements the company says were not possible before. The company closed a $4.5 million Seed round and reports it has entered into major contracts and maintains a robust pipeline with major players in Israel and the US. Co-founders Oren Debbi (CEO) and Yoav Taieb (CTO) bring deep domain expertise in computer vision and AI; Taieb spent almost two decades pioneering algorithm development at Mobileye (Intel). Over the next year Visionary.ai intends to invest heavily in its product and algorithms and expand its R&D team. Ibex Investors’ Nicole Priel says the company’s ISP will have wide implications for AI on the edge; the edge computing market CAGR is expected to reach 37% between now and 2027.

  • BasiGo

    Participated · Seed · Feb 2022

    BasiGo supplies state-of-the-art electric buses to public transport operators in Kenya and Rwanda and couples the vehicles with charging, maintenance, and a Pay-As-You-Drive battery financing model that separates battery costs from vehicle ownership. The company already has 100 electric buses on the road across the two countries and operates the associated charging infrastructure. By assembling the buses locally, BasiGo aims to keep costs low while creating local jobs. Management plans to scale local assembly, widen its charging network, and grow the fleet to 1,000 buses as it enters additional African cities. The model is positioned to deliver lower operating costs for bus owners, reduced CO₂ emissions, and an improved passenger experience. BasiGo raised a US$41.5 million Series A in late 2023 and has now attracted additional capital from Proparco to fund its next growth phase.

Team