TechNation: WeWork Opening in Tel Aviv’s Sarona

Dome9 Security raises $8.3 million; Big Panda data science firm raises $16 million in second-round funding.

An eatery in Tel Aviv's new Sarona complex.Credit: Eyal Taug

WeWork opening in Tel Aviv’s Sarona 

WeWork, the U.S.-based company co-founded by Israeli Adam Neumann and that provides shared work spaces in cities around the world, announced the opening in November of a new location, in the Sarona complex in Tel Aviv. That will be followed a month later by offices in Be’er Sheva. WeWork has one location each in Tel Aviv and Herzliya, in addition to locations in London, Amsterdam and 12 U.S. cities. The Sarona location will feature 506 desk spaces in 3,800 square meters of floor space, together with private offices, conference rooms, lounges and kitchen facilities. The 2,700-square-meter Be’er Sheva facility will have 470 work spaces. It will be located in Gav-Yam Negev, a technology and research and development park whose partners include Ben-Gurion University and the city of Be’er Sheva. WeWork plans to expand to Jerusalem next year, probably on the site of the former Hamashbir department store downtown. WeWork generally charges higher rents that other shared workspaces in Israel. New WeWork locations offer unlimited beer on tap. (Inbal Orpaz) 

Dome9 Security raises $8.3 million

Dome9 Security, which provides hybrid cloud security, announced last week that it raised $8.3 million in second-round financing. The round, which was led by ORR Partners and included new investors JAL Ventures, Pinnacle and Lazarus Israel Opportunity Fund as well as existing investor Opus Capital Ventures brought total funding to date to $13 million. Founded in 2011, the Tel Aviv-based firm has about 250 customers. Although its annual revenues are in the millions of dollars, it is not currently turning a profit. It plans to use its new funding to increase its workforce from 25 employees — 15 of them in Israel — and for product development. Dome9 was on the Gartner technology research firm’s 2014 list of Cool Vendors. (Amitai Ziv)

Big Panda data science firm raises $16 million in second-round funding

BigPanda, which provides a data science platform for businesses in an effort to centralize data alerts, announced last week at that it has raised $16 million in Series B financing led by Battery Ventures. Also participating were existing investors Sequoia Capital and Mayfield. Battery Ventures general partners Scott Tobin will join the board of Big Panda, which has offices in Tel Aviv and is headquartered in Mountain View, California. It was founded in 2012 by CEO Assaf Resnick and chief technology officer Elik Eizenberg. The new funding, which will be used to expand sales staff and for research and development, brings total investment in Big Panda to $25 million. Fifteen of its 35 current employees are based in Israel. In the coming year, the firm plans to hire 40 new employees, including 15 in Israel, mostly to be involved in engineering, interface and user experience roles. (Inbal Orpaz) 

Beverage data firm WeissBeerger raises $4 million led by Israel Cleantech Ventures 

The WeissBeerger startup, which provides manufacturers data on beverage consumption at bars and restaurants in real time, announced last week that it has raised $4 million. The funding effort was led by Israel Cleantech Ventures, which like WeissBeerger is based in Tel Aviv. Other investors include Innovation Endeavors, of which Google executive Eric Schmidt is a founding partner. Founded in 2011 by CEO Omer Agiv and head of business development Ori Fingerer, WeissBeerger has 25 employees, 10 of them in Israel. Over the next year the company plans to hire 10 more employees in Israel and to continue its expansion into the coffee and soft drinks markets. WeissBeerger, which is active in North and South America, Europe and Asia, declined to discuss its customers or its fee structures. WeissBeerger is part of the developing Internet of Things, in which physical objects are equipped to collect and exchange data. (Inbal Orpaz)