High-tech workers.
High tech workers (illustration.) Photo by Ilan Assayag
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Zerto cloud disaster recovery firm completes $26 million financing round
Zerto, which specializes in disaster recovery products for cloud and virtual business infrastructure, announced last week that it had completed its fourth financing round, which it said generated $26 million. The latest round was led by a new investor, California-based Harmony Partners, along with Zerto’s prior investors. The additional funding brings the total that the company has attracted to $60 million. Herzliya-based Zerto, which was founded in 2009 and now has annual revenues of several tens of millions of dollars, said it intends to use the new injection of funds for general expansion, including development, sales and marketing. Since the beginning of the year, it has boosted its staffing levels from 100 to 130. By the end of the year, Zerto plans to expand its workforce to 170, CEO Ziv Kedem said, adding that the company’s revenues have tripled since 2012. (Inbal Orpaz)
Mantis Vision completes $12.5 financing round
Mantis Vision, which specializes in 3-D video technology, has announced the completion of a $12.5 million financing round led by Qualcomm Ventures and Flextronics - through Flextronics’ Lab IX investment arm. Other investors included South Korean electronics giant Samsung. Founded nine years ago by Amihai Loven, who is its CEO, as well as Gur Arie Bittan and Eyal Gordon, the company, which currently has a staff of 40, has not disclosed the total amount that it has raised. Mantis Vision’s technology makes it possible to shoot high-quality video footage in three dimensions using relatively inexpensive equipment and can be viewed without any special device. Its first product, F5, is a 3-D portable scanner for professional use in the medical field, in industry and law enforcement. (Inbal Orpaz)
Lexifone phone translation firm raises $2m
Lexifone, a firm that provides computer-generated translation services for parties speaking to each other on the telephone, has raised $2 million from a New York State government fund, from Israel’s Office of the Chief Scientist and from private investors, according to the Globes business daily. The Haifa-based firm’s technology allows the conversations to be translated automatically rather than by human translators and does not require the downloading of any special software, although mobile apps are available. According to Globes, Lexifone currently supports translation of English, Spanish, Portuguese, German, French, Italian, Russian and Hebrew. Lexifone’s CEO is Ike Sagie, a co-founder of Kfar Sava-based information management technology company Attunity. (TheMarker)