TechNation

Israeli Web Purchases Set to Climb 18% in 2016: PayPal Survey

Logz.io secures $16 million, Siemplify raises $10m, SeaLights announces $11 million funding round.

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Israeli web purchases set to climb 18% in 2016, PayPal survey says

Israelis are forecast to spend 11.8 billion shekels ($3.1 billion) buying goods over the internet this year, an 18% increase over 2015, according to a survey released by the online payment company PayPal on Tuesday. The survey, which includes actual purchases through October and forecasts for the final two months of the year, found that Chinese websites are the most popular, due to their low prices, with 53% of Israelis saying they bought at Chinese websites and spent a combined 1.5 billion shekels. Only 30% said they shopped at U.S. sites, but spent slightly more, or a combined 1.6 billion shekels, citing the better selection of name-brand goods. Clothing was the top category, with 58% saying they bought apparel online this year, followed by toys and electronics (36% each). Buying by smartphone soared 51% in 2016, PayPal said, predicting that growth will reach 33% next year, to 3.6 billion shekels. (Hadar Kane)

Logz.io secures $16 million for network-monitoring technology

Logz.io, which uses artificial intelligence to monitor computer networks, said on Tuesday it raised $16 million in funding from investors led by Boston’s OpenView Venture Partners. Previous investors 83North and Giza Venture Capital joined the round. It brings total financing for the startup, which was founded in 2014 by CEO Tomer Levy and Vice President Product Asaf Yigal, to $24 million. The company’s technology enables large organizations to identify and prevent malfunctions in their computer networks before they can cause real damage. Logz.io says it services some 1,000 companies in 80 countries, including Turner Media, British Airways and Electronic Arts. Logz.io’s area, log analytics, has attracted a lot of venture capital recently, to among other companies Israeli startup Takipi, which raised $15 million this year, and Indeni, which raised $10 million last week. Logz.io has 55 employees, all but five of them based in Israel. (Eliran Rubin)

Siemplify raises $10m in second funding round within nine months

Siemplify, whose technology uses methodologies gained from military intelligence to identify and neutralize cyberattacks, said Tuesday it had completed a $10 million financing round. The financing came just nine months after it raised its first $4 million and was led by 83North and G20 Ventures and included private investments by Dave Strohm of Greylock Partners and Arcsight founder Alex Daly. Siemplify’s ThreatNexus product lets customers perform the full spectrum of threat analysis and incident response, from case management and analytics to threat hunting and intelligence to workflow automation and reporting. Founded last year by CEO Amos Stern, Chief Research Officer Garry Fatakhov and Research and Development Vice President Alon Cohen, the company has 22 employees, 17 in Israel and the rest in the United States. With the new money, Siemplify intends to hire 25 new staff members. (Eliran Rubin)

SeaLights exits stealth mode, announces $11 million funding round

SeaLights, whose cloud-based platform speeds up the process of quality assurance for mobile apps, came out of stealth mode on Tuesday and announced it had secured $11 million in new funding. The round was led by TLV partners, with participation from serial investor Oren Zeev and previous investors including Blumberg Capital. The company was formed by CEO Eran Sher and Chief Technology Officer Alon Eizenman 14 months ago after their previous startup, Nolio, was acquired by CA Technologies. SeaLights addresses the problem of QA testing for code changes and releases in apps. “We witnessed delivery speeds going from one or two releases a year to tens and hundreds a month, but hand in hand with that, new quality challenges cropped up,” said Sher. With the current round of funding SeaLights will open U.S. offices and expand its research and development, customer success, sales and marketing teams both in the United States and in Israel, the company said. (Eliran Rubin)