German Multinational SAP Launches 1st Foundry Program in Tel Aviv with 7 Startups

Foundry owners pictures cutting ribbon

We are excited to welcome these entrepreneurs to the SAP.iO family and help them accelerate their business with SAP,” said Alexa Gorman, head of SAP.iO Foundries EMEA (Europe, Mideast, and Africa). “We recognize that Israel has a dynamic high-tech ecosystem and our Tel Aviv Foundry reflects our commitment to the Israeli ecosystem.” The selected startups will have SAP’s support and access to its technological expertise, the multinational said in a statement.

“We believe in their ability to offer a variety of advanced solutions for SAP’s customers,” said Orna Kleinmann, managing director at SAP Labs Israel and SVP Technology & Innovation Cloud Experience, of the Israeli startups.

The seven selected startups for the 12-week program are:

  • ARpalus, a Caesaria-based AR and predictive analytics retail technology startup founded just this year. ARpalus is building a platform for the automatic collection and deep analysis of shoppers’ behavioral data.
  • EasySend, a Tel Aviv startup founded in 2016 that helps financial enterprises improve customer experience and increase operational efficiency through a platform that enables businesses to present customers with digital forms in a simple interface.
  • GrowthSpace, a startup developing a tailored online coaching platform for enterprise employees.
  • Outgage, a SaaS “marketing first” direct mail platform for email marketing and analytics.
  • Silverback, a Tel Aviv startup founded in 2014 that built a sales intelligence platform for online marketplaces.
  • Supersmart, a Rosh Ha’ayin-based retail tech startup founded in 2014 that provides a “Scan&Go” solution with advanced loss prevention capabilities, enabling consumers to instantly check out their fully- loaded cart or basket.
  • YOUTILIGENT, a Petah Tikva startup founded in 2016 that developed a connected consumer solution for connected appliances using machine learning and IoT tech.

Read More…

BigID Raises $50 Million to help businesses comply with privacy regulations

BigID, an Israeli-American startup helping enterprises with data protection and privacy, announced the closure of a Series C funding round of $50 million led by Bessemer Venture Partners, with participation from existing investors SAP.io Fund, Comcast Ventures, Boldstart Ventures, Scale Venture Partners and ClearSky, as well as new investor, Salesforce Ventures. BigID is based in New York with offices in Tel Aviv. The company said it will use the funds to meet the growing demand for its technology, expand global sales and introduce new products for data privacy, data governance and protection.

Read More…

BigID Raises $50M in Series C Funding

BigID's company logo

BigID, a NYC- and Tel Aviv, Israel-based data-centric personal data privacy and protection platform, raised $50m in Series C funding.
The round was led by Bessemer Venture Partners, with participation from existing investors SAP.io Fund. In conjunction with the funding, Alex Ferrara, partner at Bessemer Venture Partners, will join the BigID Board of Directors.

Read More…

BigID announces $50M Series C investment as privacy takes center stage

BigID's company logo

It turns out GDPR was just the tip of the privacy iceberg. With California’s privacy law coming on line January 1st and dozens more in various stages of development, it’s clear that governments are taking privacy seriously, which means companies have to as well. New York startup BigID, which has been developing a privacy platform for the last several years, finds itself in a good position to help. Today, the company announced a $50 million Series C. The round was led by Bessemer Venture Partners with help from SAP.iO Fund. Today’s investment brings the total raised to more than $96 million, according to Crunchbase.

Read More…

SAP.iO Launches Enterprise Health-Focused Startup Accelerator Program in New York

The SAP.iO program is designed to accelerate startups working within healthcare: hospital system providers, employee health and wellness solutions, medical devices and health IT. SAP.iO will provide access to curated mentorship, exposure to SAP technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers to each of the seven early-stage startups chosen for the program.

Read More…

Wethos raises $3M to help meaningful brands adapt to fast-paced demands of digital

Wethos Founders

Wethos, the leading platform for rapid-response creative and marketing teams, announced today that it has successfully raised an oversubscribed round of $3 million in ninety days, led by NYC-based Laconia Capital and with the participation of Flybridge Capital, Loup Ventures, Higher Ground Labs, and other strategic investors. This latest round follows a year of substantial growth, in which the three-year-old company deployed over one hundred agile, on-demand teams and increased its revenue by five hundred percent.

The company’s tech-enabled “pop-up departments” leverage agile methodology to build brands, websites, digital content, awareness, and growth campaigns in real time based on each client’s unique needs. Recent leadership hires in sales, marketing, and customer experience will enable Wethos to keep up with the demand of its most popular teams, and expand into new verticals.

“As brands struggle to cut through the noise in a rapidly-evolving digital landscape, we need business and creative minds to come together at 100x the speed they do today,” said Wethos co-founder and CEO Rachel Renock. “Legacy operating systems put unnecessary obstacles in the way of brilliant and diverse people who are hungry to help accelerate progress.”

Unlike big agencies with siloed departments, expensive overhead, and opaque pricing, proprietary technology enables Wethos to rapidly scope complex work and curate teams based on each customer’s unique needs. With a growing database of over 4,000 U.S.-based specialists, Wethos pairs together vetted talent from the best brands in technology, politics,
fashion, education, and more.

“The best founders are compelling storytellers, and the most successful companies are the ones who can align a community of customers, partners and advocates around that brand story,” said Jesse Middleton, General Partner at Flybridge Capital and founding team member at WeWork. “The Wethos team has built a platform that offers this “super-power” to companies of all sizes, bringing unlimited, top-tier talent and execution to help solve pressing challenges around customer acquisition and movement building.”

Wethos is also leading the fight for a more ethical gig economy, with standards like guaranteed on-time payments, transparent pricing, and protection from retaliation.

“No matter your location, gender, race, or skill-set, people should be paid fairly for the value they deliver,” said Renock. “With a workforce that’s increasingly remote, flexible, diverse, and craving purpose, we believe treating talent the best will attract the best talent — period. By putting our community of specialists first, and allowing them to connect in real-time, we’re working toward a more distributed and collaborative future.”

Learn more about Wethos here

Heuritech raises $4.4 million for AI that uncovers what’s hot in fashion and beauty

With social media and data transforming commerce, Paris-based Heuritech has raised $4.4 million to help clients in fashion and beauty stay abreast of rapidly changing tastes.

Version:1.0 StartHTML:000000278 EndHTML:000176866 StartFragment:000176452 EndFragment:000176794 StartSelection:000176452 EndSelection:000176794 SourceURL:https://venturebeat.com/2019/09/03/heuritech-raises-4-4-million-for-ai-to-discover-whats-hot-in-fashion-and-beauty/ Heuritech raises $4.4 million for AI that uncovers what’s hot in fashion and beauty | VentureBeat

The company uses algorithms and computer vision to scan and analyze large volumes of images and text across the internet to understand trends as they emerge, mutate, and then vanish. With social media accelerating the rise and fall of mini-fads, companies are struggling to stay current in industries where falling behind can be fatal.

Read more…

Augmania’s SAP.iO Journey in Berlin

Dear diar….Sorry got caught away here! In a way, though, this blogpost will be akin to a diary entry. It’s an open expression of our thoughts at Augmania throughout every stage of our SAP.iO Foundry program odyssey. 

Oh yes, earlier this year, the good people of SAP invited us to participate in their ultra-ambitious accelerator program. Launched by SAP in 2017, SAP.iO aims to bolster multiple entrepreneurial ecosystems around the globe. That’s through supporting and investing in early-stage startups working in SaaS. 

A major focus of SAP.iO is the aforementioned Foundry program which we received an invitation for. Generally, the program is about 12 weeks and has taken place in entrepreneurial hubs, from New York to Tokyo. Mentorship sessions, engaging workshops, and funding opportunities are just a few perks of a Foundry program.

However, our invitation was for a rather unique SAP.iO Foundry program. In fact, it was a program with heaps of added pressure. 

Read More…

AI-based chatbot Niki.ai Raises Funding

Founded in May 2015 by IIT Kharagpur graduates Sachin Jaiswal, Keshav Prawasi, Shishir Modi, and Nitin Babel, Niki.ai is a vernacular conversational platform where users can simply talk to ‘Niki’ in order to pay their monthly bills, book bus or movie tickets, browse plans, prepaid recharges, find local deals and much more, while its personalisation helps one choose the option best suited for them.

Backed by Ratan Tata, Unilazer Ventures, and SAP.iO among other investors, with over 4.5 million users (80 percent of whom are living in Tier II, Tier III India), Niki.ai hit a GMV run rate of about $30 million and a revenue run rate of over $1 million in FY18. After adding Hindi language capabilities, it also witnessed 300x growth in Hindi GMV since October 2018, annualised at $40 million.

Read More…

Revuze Attracts Investment From the SAP.iO Fund

Revuze, the SaaS provider of the first self-service consumer product feedback analytics solution, announced today that the SAP.iO Fund made an investment in the company, as part of a funding round that included existing and new investors.  The SAP.iO Fund joins other well-known investors in Revuze, including Nielsen, NPD, TIC Group and Prytek.

The funding comes on the heels of fast international adoption of the Revuze solution across multiple industries and geographies, from China to US and Europe.

Revuze’s artificial intelligence solution is the first in the market to transform how brands consume customer experience (CX) insights. While other solutions are typically requiring experts and manual labor to deliver insights, while being limited to specific feedback channels like Social Media or Surveys, Revuze allows any role in the organization to gain deep insights from any data sources and without any manual labor or experts involved. With Revuze organizations distribute decision making, making better decisions, faster across the board.

Read More…

SAP.iO Fund invests in Isreali big data and consumer analytics startup Revuze

Revuze, a startup that offers a product experience management cloud based solution for consumer brands, announced it has received investment from the SAP.iO Fund made an investment in the company, as part of a funding round that included existing and new investors. The total amount of funding was not disclosed. The funding comes on the heels of fast international adoption of the Revuze solution across multiple industries and geographies, from China to US and Europe.

Revuze was founded in 2013 by Eyal Strassburg, Ido Ramati, and Yair Almagor. It’s the first provider of SaaS based self-service consumer product feedback analytics solution. It was founded with a vision of finding the “wisdom of reviews,” aiding e-Commerce sites by providing stellar insights about products and customers, thus increasing their conversion rate and repeat customers.

Read More…