Puls Technologies Raises $50m for Platform Matching Device Owners With Technicians

TechNation: Indegy secures $18 million for industrial cybersecurity software

Puls Technologies' Itai Hirsch and Eyal Ronen.
Roni Pearl

Puls Technologies raises $50 million for platform matching device owners with technicians

Puls Technologies, whose platform matches device owners with the best available technician to install or repair a product, said Tuesday it had raised $50 million in a funding round led by the Singapore-based investment firm Temasek. Existing investors Sequoia Capital, Red Dot Capital Partners, Samsung NEXT and Viola Ventures also participated, as did Hanaco Ventures and Hamilton Lane. Founded three years ago, the U.S.-Israeli startup has developed a software platform that hosts a network of over 2,500 vetted professionals in more than 50 U.S. metro areas that provide same-day installation and repair for more than 200 products, including smartphones, big screen TVs and smart home devices. Puls said the markets for on-demand home services and automation is worth over $450 billion. Based in San Francisco with research and development in Tel Aviv, Puls was founded by Israelis by Itai Hirsch and CEO Eyal Ronen and has raised $90 million to date. (TheMarker Staff)

Indegy secures $18 million for industrial cybersecurity software

Indegy, a U.S.-Israel industrial cybersecurity startup, said Tuesday it had secured $18 million in a funding round led by Liberty Media’s venture capital arm. Other investors included the energy firm Centrica, O.G. Tech Ventures and existing Israeli investors Shlomo Kramer, Magma Venture Partners and Vertex Ventures and California-based Aspect Ventures. The funds will be used to accelerate growth of the company’s cybersecurity suite, which helps protect systems used in manufacturing, energy, water, pharmaceuticals and other critical areas from cyberattacks. “Recent reports by the [U.S. Department of Homeland Security] and [the] FBI regarding attacks against critical infrastructures have created a greater sense of urgency among industrial organizations to shore up their defenses, and produced a major spike in new business for Indegy,” said CEO Barak Perelman. Based in New York with research and development offices in Tel Aviv, Indegy was founded in 2014 and has raised $36 million to date, according to technology website Crunchbase. (TheMarker Staff)