Sarona Ventures News
11 articles
Soapy USA Inc Partners with Pennsylvania Department of Health for Hand Hygiene Training and Education
Soapy USA Inc, a leader in intelligent hand hygiene solutions, has announced a new partnership with the Pennsylvania Department of Health (PA-DOH) to enhance hand hygiene training and education for healthcare workers across the state. This collaboration aims to revolutionize handwashing training by integrating Soapys smart handwashing stations into PA-DOHs comprehensive training program. The technology provides real-time feedback to ensure compliance with hand hygiene protocols, ultimately contributing to safer healthcare environments. Both Soapy and PA-DOH express enthusiasm for the partnership, highlighting its potential to set new standards in hand hygiene education and significantly reduce infection risks. This initiative marks a significant step forward in infection prevention and control practices in Pennsylvania.
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Cherre and RentCast Partner to Deliver Comprehensive Real Estate Market Insights
SupportLogic Acquires xFind and its Precision Answer Engine to Set a New Standard for Support Experience | Predict & Prevent Customer Escalations | SupportLogic Experience Management
SupportLogic, a leader in Support Experience management, has acquired xFind, a pioneer in Precision-Guided RAG knowledge technology. This acquisition aims to enhance SupportLogics SX management platform by integrating xFinds technology, which provides accurate and quick technical answers, improving customer support experience. The integration addresses challenges faced by current RAG architectures, such as poor answer accuracy and high maintenance costs. xFinds technology allows support teams to reduce response times and improve resolution accuracy. The acquisition is expected to benefit enterprises by raising the bar for support experience and accelerating AI adoption. Cvent, a customer of both companies, expressed satisfaction with the merger. The event took place on August 1, 2024.
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Deel acquires Hofy for over $100 million, completes third purchase in five months | CTech
Deel, an Israeli-American HR management company, is acquiring British start-up Hofy for slightly over $100 million. This acquisition is part of Deels strategic plan to expand its workforce by more than 1,000 employees in 2024. Deel, valued at $12 billion, has raised $630 million since its inception. Hofy, founded by former Deel employee Sami Bouremoum, focuses on IT equipment management and has raised $30 million to date. The acquisition will integrate Hofys 120 employees into Deels team, enhancing its IT management capabilities. This marks Deels eighth acquisition in three years, with previous acquisitions including Zeitgold, Roots, and PaySpace. Deels ARR is reported at $500 million, and the company aims to continue its growth trajectory.
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Agora nets $34 million Series B for real estate investment management platform | CTech
Fintech startup Agora, specializing in real estate investment management solutions, announced a successful $34 million Series B funding round led by Qumra Capital, with participation from Insight Partners and Aleph. This round brings Agoras total funding to $63 million and more than doubles its previous valuation. Founded in 2019, Agora plans to use the funds to expand its market presence, particularly in Central and South America and Australia, and to enhance its research and development efforts in operational and financial services. The company currently manages over 70,000 investors and $150 billion in assets under management globally, with a significant focus on North America, Europe, and Israel.
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Sarona Ventures Establishes TechShield In order to provide investors with confidence to keep investing in phenomenal Israeli VC-backed startups after October 7th, TechShield helps guard Israel's largest economic driver, while making big profits for investors.
Sarona Ventures, an Israeli VC firm, has established a new fund called TechShield to promote investment in Israeli startups. The fund aims to provide investors with certainty and confidence to continue investing in Israeli companies. The fund is a Reverse-Fund that selects the companies first and then opens them up to potential investors. For their first Reverse-Fund, TechShield chose seven VC-backed companies, with ARRs of $400,000 to $4 million and month-over-month growth of over 10%. It is raising a $7-9 million fund, to be launched by February 29th, investing $600k – $2 million in each company.
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Salvador Technologies raises $6 million Seed for cyberattack recovery platform | CTech
Salvador Technologies, an Israeli startup specializing in cyberattack recovery for critical infrastructures, has secured $6 million in Seed funding. The investment round was led by Pico Venture Partners, with participation from Pitango VC and Sarona Partners. The companys platform enables rapid recovery from cyberattacks and malfunctions, reducing downtime to just 30 seconds, compared to the industry average of three weeks. Salvador Technologies serves a diverse customer base, including multinational corporations in the chemical, food, automotive, and aerospace sectors, as well as critical infrastructure organizations like maritime ports, healthcare centers, and energy providers. The increasing frequency of cyberattacks, exacerbated by AI-driven cybercrime, highlights the growing need for effective recovery solutions.
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Silicon Valley takes on Tel Aviv
Sarona Partners, a growth ecosystem for Israeli high-tech startups, hosted a tech conference bridging Tel Aviv and Silicon Valley. The event featured lectures, panels, and networking opportunities with top industry personnel, including VCs from Silicon Valley. Sarona Partners invests in and scales up startups at various stages across multiple sectors. They have over 280 portfolio companies, seven of which are valued at over $1 billion. The conference aimed to expose the Israeli ecosystem to Silicon Valley and vice versa, providing startups with tools and insights to succeed in the tech world.
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Unicorn founders and prominent U.S. fund partners to invest in Israel's Sarona Ventures
Sarona Ventures, an investment arm of Sarona Partners Group, has announced the addition of several significant new investors to its $20 million fund. The fund includes investments from founders of TripActions, Verbit, Deel, ContentSquare, and SumUP, as well as partners from Spark Capital, Green Bay Ventures, and Andreessen Horowitz. Sarona Ventures was founded in 2017 with a vision to invest in and accelerate young Israeli entrepreneurs at the beginning of their journey, helping technology startups expand globally. The fund has already invested in multiple startups, and the new investor partnerships will allow them to continue this track record.
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New Investors Join Israeli Firm Sarona Ventures Fund
Sarona Ventures Fund, a Tel Aviv-based venture capital firm, has announced that several unicorn companies, venture capital partners, and entrepreneurs have joined as new investors. The fund, which is part of Sarona Partners Group, will direct its $20 million towards early-stage investments in Israeli entrepreneurs and startups, particularly those that have graduated from American accelerator Y-Combinator. The fund has already invested in several Israeli companies, including ByondXR, Salvador Technologies, Agora, Depoint, and Medcase.
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UST teams with Sarona Partners to nurture Israeli startups
UST, an IT tech giant, has established an innovation center in Israel in partnership with Sarona Partners Group and its 365x scale-up program. This partnership aims to identify relevant technological solutions for the changing global market and adapt to the new demands of its customers, including Fortune 500 companies. The partnership will also allow 365x to match Israeli innovative technologies that can be integrated into USTs value offering to its corporate customers. UST and Sarona are particularly interested in technologies that address the changes brought about by the Covid-19 pandemic.
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