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The Venture Codex

Viola Ventures

12 Abba Eban Avenue Ackerstein Towers, Building D, Herzliya, 4672530, Israel

Overview

Viola Ventures (formerly Carmel Ventures) is a venture capital firm that invests in Israeli-related early stage companies with significant ideas that can lead to transformational companies. Founded in 2000 by [Avi Zeevi](https://www.crunchbase.com/person/avi-zeevi) and [Shlomo Dovrat](https://www.crunchbase.com/person/shlomo-dovrat), Viola Ventures manages over $1.2B across six funds, and is the only Israel-based VC fund with seven investing partners solely dedicated to early-stage tech investments. This allows for unique depth and diversification that spans across a wide range of backgrounds and verticals. With over 20-year legacy in Israel’s vibrant technology ecosystem, Viola Ventures is known for repeatedly backing global tech companies and unicorns, such as ironSource, Payoneer, Lightricks, Redis Labs, and Outbrain. The fund holds a substantial share of Israel’s significant exits, including Actimize, RedBend, ECI, Samanage, Perfecto, Tapingo, and more. Viola Ventures invests in exceptional teams with a strong focus on AI technologies looking to transform traditional markets, the semiconductors and deeptech industries, and consumer facing products.

Total investments
168
Lead investments
64
Investments · 12mo
9
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • Faye

    Participated · Series C · Aug 2026

    Launched in 2022, Faye offers an award-winning app and platform that lets travelers purchase coverage quickly, file claims digitally, and receive near-instant reimbursements to mobile wallets while in-trip. Its product suite includes distribution platforms for travel agencies, OTAs and airlines, AI-first policy and claims management, telemedicine, eSIM connectivity, lounge access and real-time concierge assistance. The company says it has become the fastest-growing and highest-rated travel insurance provider in the U.S., has earned more than 20 industry awards, and doubled revenue over the past year. Faye is investing heavily in AI to make underwriting, traveler assistance and claims faster and more autonomous, targeting that AI will resolve over half of claims autonomously by year-end. It plans geographic expansion and deeper partnerships with travel distributors, and will expand its travel fintech features through Faye Wallet to improve in-trip money management and payouts. The company has raised $100M in total funding following the Series C and recently established a U.S. headquarters in Richmond, Virginia.

  • TYLsemi

    Participated · Equity · Jul 2026

    TYLsemi provides a reusable, standards-based chiplet portfolio—TYL.IO (connectivity), TYL.Power (in-package power delivery), and a planned TYL.Mem family—plus a full-stack TYL.Forge service for custom XPU and fabric designs. The company emphasizes UCIe-based die-to-die connectivity and integration with foundry and packaging partners to accelerate multi-die AI system development. TYLsemi emerged from stealth and raised $43 million in early-stage funding to accelerate product development and commercial engagement. It is partnering with TSMC to deliver IO and power chiplet samples to qualified customers in 2027 and is already engaging lead customers and tier-1 customer engagements that the company says validate its readiness. The firm is expanding its teams across silicon design, packaging, and systems engineering to support market deployment.

  • Lama AI

    Participated · Series A · Jun 2026

    Lama AI develops an AI-agent platform that provides credit-risk assessment solutions to banks and fintech companies to speed and improve loan approvals for small and medium-sized businesses. Since launching, the company expanded support across the full lifecycle of additional credit products, including commercial and industrial lending, commercial real estate financing, and credit cards. Lama AI reports 300% year-over-year growth and says customers have achieved improvements of several hundred percent in key business performance metrics. Financially, the company has now surpassed $20 million in total funding following its $12 million Series A. The company plans to scale its go-to-market, sales, and marketing teams to meet growing demand from U.S. banks.

  • Aryon Security

    Participated · Series A · Jun 2026

    Aryon Security offers a Cloud Security Enforcement Platform that shifts cloud security from reactive detection and remediation to preventive enforcement before risks reach production. Since emerging from stealth in 2025, the company says its platform can avoid up to 95% of traditional CSPM alerts and has gained traction with mid-to-large enterprises across regulated industries such as healthcare, banking, insurance, telecommunications, shipping, and industrials. Founders Ron Arbel (CEO), Ariel Litmanovich (CTO), and Yair Ladizhensky (CPO) are veterans of the IDF’s Matzov cybersecurity unit and Forbes 30 Under 30 honorees who worked on securing Project Nimbus. The company reports three primary use cases: secure cloud migration and M&A, preventing new gaps in mature complex environments, and operationalizing prevention at scale with granular, production-safe enforcement and exception management. Aryon also stated a long-term vision to extend preventive enforcement beyond cloud infrastructure to broader enterprise environments as organizations adopt more AI, SaaS, and distributed technologies. Financially, Aryon has raised $29 million in Series A and $38 million in total capital to date.

  • ZyG

    Participated · Seed · Mar 2026

    ZyG builds ZyG OS, an end-to-end platform that leverages agentic AI infrastructure to identify products with scale potential and execute functions across brand building, store creation, creative generation, user acquisition, conversion optimization, retention and logistics. The company partners with online brands that have initial traction and that pass its Product Market Fit test and high ZyG Score to predict scale potential. ZyG says its platform removes operational and data complexity and the financial risk of scaling so founders can focus on product development. The founding team includes the creators of ironSource and three leading AI experts from an Israeli cyber unit, combining commerce and AI expertise. ZyG also offers financing capabilities as part of its platform to help brands scale. The company is headquartered in Tel Aviv and plans to use the Series A proceeds to further develop and expand its agentic operating system for eCommerce scale.

Team