OptiCity News
4 articles
growth-negative
אופטיסיטי מבטלת את ההנפקה בת"א כלכליסט
אופטיסיטי, a smart transportation platform company, has canceled its IPO on the Tel Aviv Stock Exchange due to a lack of interest from institutional investors. The company planned to raise 16 million shekels at a valuation of 60 million shekels. As a result, OptiCity will now seek funding through private funds. The article highlights the decline in appetite for small technology companies among institutional investors. OptiCity reported revenues of 138,000 shekels in the first half of 2021, compared to 191,000 shekels in 2020, resulting in a total loss of 4 million shekels. The company is currently controlled by LS Gender Solutions (89.5%), a private company owned by the founders and CEO of OptiCity, Avi Gabbay, Noam Perry, Niv Baibich, and Satellium Limited, owned by Reuben Tzavag.
Investment
growth-positive
עם הערת עסק חי וגירעון, המתחרה של ויה שואפת לשווי של 60 מיליון שקל כלכליסט
OptiCity, a company that developed a smart transportation platform, is hoping to raise 12 million shekels. If the offering is successful, the founder Avi Gabai (28) will become the youngest CEO on the Tel Aviv Stock Exchange. The companys application is sold to organizations and serves employees and drivers, both for determining the travel route and for optimizing prices. OptiCitys customers include government offices, the cellular company Pelephone, the manpower company Manpower, the electricity company and Wix. The company expects to end 2021 with revenues of 800,000 shekels. For 2023, the company sets a revenue target of 13.7-17.5 million shekels and an operating profit target of 3.2-7 million shekels.
InvestmentPublic Trading
growth-positive
"חצי שנה הייתי וואן מן שואו. ואז הבנתי שאני צריך מסביבי אנשים"
Opticity, an Israeli smart transportation company, is planning to expand its operations globally. The company, which was founded by Avi Gabai, uses artificial intelligence to optimize transportation routes for companies and schools. Despite the pandemic reducing the need for transportation as more people work from home, the company has found success with factories, hotels, and companies like Microsoft. Opticity is not yet profitable as it is investing in global expansion, but it is generating revenue.
CustomersExpand
growth-positive
באו לבקר במאורת הנמר: אבי גבאי ורוני ארוש, LS טכנולוגיות -
The article discusses LS טכנולוגיות, a boutique software development company founded by Avi Gabbay and Niv Baibich. The company provides advanced software development services, integrations, information systems, applications, websites, and system testing. LS טכנולוגיות focuses on delivering high-quality solutions tailored to the changing needs of its customers. The article also mentions the companys subsidiary, אופטיסיטי (Opticity), which offers a synchronized transportation solution for organizations, optimizing travel routes and saving costs. LS טכנולוגיות has a young and talented team of about 30 employees and serves numerous hi-tech and communication companies, including Knowledge4All, HMS, ICTBit, and QPoint. The article highlights the companys growth and positive impact on its customers.
Customers
