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In Foundries, Press, Tel Aviv, Press Coverage

SAP’s Venture Arm Announces Startups Selected for Tel Aviv Foundry

Foundry owners pictures cutting ribbon

SAP.iO, the early-stage venture arm of multinational enterprise software company SAP SE, unveiled on Tuesday the seven startups chosen to participate in the first cohort of its new Tel Aviv-based accelerator program, SAP.iO Foundry. As part of the 12-week program, the startups will receive mentorship and access to SAP’s data, technology, and customer base. SAP already operates its foundry program in Paris, Berlin, Munich, New York City, San Francisco, and Tokyo.

The companies are retail analytics startup ARpalus Ltd.; EasySend Ltd., a startup providing customer service technology for financial institutions; online coaching company Growth Space Ltd.; marketing startup Outgage Inc.; online marketplace analytics startup Silverback Associates Ltd.; instant checkout company Supersmart Ltd.; and smart appliances startup YOUTILIGENT smart solutions Ltd.

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In Foundries, Tel Aviv, Press Coverage

German giant SAP sets up accelerator program in Tel Aviv

Foundry owner pictured

German multinational software firm SAP SE is setting up an accelerator program in Israel, seeking new technologies in order to expand the portfolio of technologies and services it can provide to customers.


The Foundry program will be run by SAP.iO, a strategic business unit of SAP set up in 2017 to work closely with startups and tap into their innovations. The unit either invests in early stage startups or runs accelerator programs that provide selected startups with mentorships, a co-working space, and access to its 400,000 customers globally who can work closely with entrepreneurs to make sure their specific needs are met. The program will also make available data and SAP platforms startups may need to develop their technologies.

Seven startups have been selected for the first accelerator cohort:

  • ARpalus is an AR and predictive analytics retail technology startup that uses artificial reality (AR) and predictive analytics for the automatic collection and deep analysis of large-scale shoppers’ behavioral data.
  • EasySend helps financial enterprises improve customer experience and increase operational efficiency by allowing them to digitize all of their paperwork and “cumbersome” forms.
  • GrowthSpace develops tailored online coaching platforms for enterprise employees. Users hold one on one video coaching sessions with specific career objectives.
  • Outgage is a Software as a Service (SaaS) direct mail platform that bridges the gap between offline and online campaigns to create personalized brand experiences for effective conversations between enterprises and their customers.
  • Silverback is a sales intelligence platform for online marketplaces. It uses cross-marketplace analytics to enable online stores, sellers and brands to see their products’ sales performance across different e-commerce channels to enable them to do better pricing, marketing and promotions.
  • Supersmart provides a “Scan&Go” solution that allows consumers to instantly check out their fully loaded cart or basket, enabling a positive customer experience.
  • YOUTILIGENT uses machine learning and Internet of Things to enable vendors and service providers to change the way they communicate with their appliances.

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In Tel Aviv, Press Coverage, Foundries, Press

German Tech Giant SAP Launches Tel Aviv Start-up Accelerator

Foundry owners pictures cutting ribbon

German software giant SAP further expanded its significant Israeli operations on Tuesday as the company launched the newest branch of its SAP.iO “Foundry” start-up accelerator in Tel Aviv. The SAP.iO Foundry program is part of SAP’s multi-million dollar global innovation strategy to accelerate early-stage business-to-business (B2B) start-ups and provide hi-tech solutions to more than 400,000 customers.

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In Foundries, Press, Tel Aviv, Press Coverage

SAP.IO מכריזה על תוכנית FOUNDRY SAP.IO ראשונה בת”א

(SAP SE (NYSE: SAP הכריזה היום, על נבחרת בת שבע חברות סטארטאפ ישראליות הנכללות בסבב הראשון של SAP.iO Foundry TLV. התוכנית המהווה חלק מאסטרטגית החדשנות של SAP, נועדה לספק סיוע ותמיכה לחברות סטארטאפ צעירות (early stage) מתחום ה-B2B בבניית תוכנות אשר יספקו ערך משמעותי עבור לקוחותיה של SAP. לחברות הסטארטאפ תהיה גישה לייעוץ ייעודי, חשיפה לממשקי התכנות של SAP בתחומי התוכנה והטכנולוגיה והזדמנות לשיתופי פעולה עם הלקוחות של חברת SAP.

In Fund, Press Coverage, Portfolio News

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.

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In Foundries, New York, Press Coverage, Portfolio News

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.

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In Funding Announcement, Fund, Press Coverage, Portfolio News

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.

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In Press Coverage, Portfolio News

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.

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In Foundries, Press Coverage, Singapore

Meet the 7 Startups Selected for SAP’s First South East Asia Accelerator

Dubbed as SAP.iO Foundry the program aims to accelerate Southeast Asian startups, providing them access to curated mentorship, exposure to SAP technology and application programmable interfaces (APIs), and opportunities to collaborate with SAP customers.

The first cohort will consist of seven early-stage Intelligent Enterprise startups focused on business-to-business (B2B) technology.

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In Foundries, Press Coverage, Singapore

SAP launches Singapore accelerator for South-east Asia enterprise startups

GERMAN software giant SAP aims to groom South-east Asian startups specialised in enterprise tech, with the launch of its first accelerator in Singapore on Tuesday. 

Called the SAP.iO Foundry Singapore, the accelerator is kicking off with seven early-stage startups focused on business-to-business (B2B) technology. 

The startups will gain access to mentorship, SAP’s technology and application programmable interfaces (APIs), and potential collaborations with SAP customers.

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In Foundries, Press Coverage, Singapore

SAP launches Singapore accelerator for SE Asian enterprise tech start-ups

German software giant SAP aims to groom South-east Asian start-ups specialised in enterprise tech, with the launch of its first accelerator in Singapore on Tuesday (Aug 13). Called the SAP.iO Foundry Singapore, the accelerator is kicking off with seven early-stage start-ups focused on business-to-business (B2B) technology. The start-ups will gain access to mentorship, SAP’s technology and application programmable interfaces (APIs), and potential collaborations with SAP customers.

Participants focused on workplace tools include Pulsifi, which uses artificial intelligence to improve hiring and employee development decisions; Notarum, which automates corporate due diligence; and Adaface, which automates first-round interviews to identify engineering talent. Other start-ups taking part in the accelerator include Flowcast, which uses machine-learning to automate credit decision-making, and Size n Fit, an e-commerce add-on that helps online shoppers find clothes that fit.

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In Press Coverage, Singapore, Foundries

SAP’s First Accelerator In S’pore Aims To Groom B2B Tech Startups In SEA

German software firm SAP announced the launch of its first startup accelerator in Singapore.

Called SAP.iO Foundry Singapore, the firm is looking to groom Southeast Asian startups that have a focus on enterprise tech.

Startups under their accelerator won’t just gain access to SAP’s APIs and tech, but will also benefit from mentorships and potential collaborations with SAP customers.

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In Press Coverage, Tokyo, Portfolio News, Foundries

SAP Kicks Off First SAP.iO Foundry in Asia

SAP announced the launch of the first SAP.iO Foundry in Asia: SAP.iO Foundry Tokyo. Over the next 12 weeks, SAP.iO Foundry Tokyo will accelerate five business-to-business (B2B) Japanese technology startups, providing them access to curated mentorship, exposure to SAP technology and application programmable interfaces (APIs), and opportunities to collaborate with SAP customers. Unique to SAP.iO Foundry Tokyo, the cohort also will have access to the newly opened SAP Leonardo Experience Center and Inspired.Lab.

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In Foundries, Press Coverage, Tokyo, Portfolio News

Software giant SAP launches the first SAP.iO Tokyo cohort to accelerate B2B Japanese tech startups

Back in January, we wrote about SAP when the German software giant and maker of enterprise software announced the launch of its SAP.iO No Boundaries initiative to fund and incubate startups led by women and minorities. Now SAP.io is expanding into Asia. SAP announced the launch of its first SAP.iO Foundry in Asia called SAP.iO Foundry Tokyo. Over the next 12 weeks, SAP.iO Foundry Tokyo will accelerate five business-to-business (B2B) Japanese technology startups, providing them access to curated mentorship, exposure to SAP® technology and application programmable interfaces (APIs), and opportunities to collaborate with SAP customers. Unique to SAP.iO Foundry Tokyo, the cohort also will have access to the newly opened SAP Leonardo Experience Center and Inspired.Lab.

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