Tech Briefs / Blazemeter Raises $6.5 Million

IBC ready to launch its high-speed fiber-optic network.

Inbal Orpaz
Amitai Ziv
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Israel is preparing for a fiber optic future. Credit: Getty Images
Inbal Orpaz
Amitai Ziv

Blazemeter raises $6.5 million

Israeli startup Blazemeter, which provides a cloud-based platform for performance testing, has raised $6.5 million in a round of funding, the company announced on Tuesday. The round was led by YL Ventures, which has already invested $1.2 million in the company, along with Glilot Capital Partners. Blazemeter has now raised a total of $8.7 million. The company said it plans to use the new money to continue development of its mobile and Internet testing platforms, as well as growing its business. The firm was founded in 2011 by Alon Girmonsky and has its headquarters in San Francisco, but most of its 34 employees are located in Israel. “I consider creating tools that will simplify the application development and testing processes for developers as BlazeMeter’s mission. Our user base has grown sixfold over the past 12 months, and this is attributed to the increasing demand for mobile performance testing. The new funding will enable BlazeMeter to release many new features that will make this testing process even easier and more agile,” said Girmonsky. (Inbal Orpaz)

First new communications infrastructure company in 25 years in Israel: IBC ready to launch its high-speed fiber-optic network next week

After 25 years, Israel will soon be getting its third communications infrastructure company. Fiber-optic line provider IBC will launch its services next Tuesday, May 20. Communications Minister Gilad Erdan will be there to launch the service. IBC will provide a full fiber-optic path to the customer’s home and via ISPs will sell lines of symmetric 100 megabit services for only 100 shekels a month. “Imagine a solution that will change the face of Israeli society in coming generations and will influence the way we connect and share all our information,” said the company. IBC is 40% owned by the Israel Electric Corporation, 30% by the Swedish ViaEuropa consortium, and has four other local partners. Cisco is the main equipment supplier, and the company is expected to invest some 4 billion shekels in the project when it reaches its full distribution. (Amitai Ziv)

Israeli startup Wochit raises $11 million

Israeli startup Wochit, which provides tools for media sites to almost automatically produce video clips, has completed an $11 million fund-raising round led by venture capital fund Marker LLC, the company announced on Monday. Other funds that have already invested in the past in Wochit also participated: Cedar Fund, Greycroft Partners and Repoint Ventures; and the round was oversubscribed. All told, including the present round, Wochit has raised $14.5 million. The company plans to use the money to expand its business and hire new engineering staff in Israel. Wochit was founded in 2012 by CEO Dror Ginzberg and Ran Oz. The firm has 32 employees, 24 of whom are located in Yehud and the rest in the United States and London. The company’s products allow news organizations to pull together video clips quickly and almost automatically from text stories in 10 minutes. “The video is the quality of CNN and looks like something that came from a studio,” says Ginzberg. (Inbal Orpaz)