TechNation Israeli Web Purchases Set to Climb 18% in 2016: PayPal Survey
Summary
(Hadar Kane) Logz.io, which uses artificial intelligence to monitor computer networks, said on Tuesday it raised $16 million in funding from investors led by Boston’s OpenView Venture Partners. It brings total financing for the startup, which was founded in 2014 by CEO Tomer Levy and Vice President Product Asaf Yigal, to $24 million. The financing came just nine months after it raised its first $4 million and was led by 83North and G20 Ventures and included private investments by Dave Strohm of Greylock Partners and Arcsight founder Alex Daly. (Eliran Rubin) SeaLights, whose cloud-based platform speeds up the process of quality assurance for mobile apps, came out of stealth mode on Tuesday and announced it had secured $11 million in new funding. With the current round of funding SeaLights will open U.S. offices and expand its research and development, customer success, sales and marketing teams both in the United States and in Israel, the company said.
