I-scraper.com, which has developed a software for the coordination and management of projects in the construction sector, raised $1 billion from venture fund Israel Seed Partners (ISP). The investment will be used for financing future developments, as well as for setting up a network of I-scraper representative offices abroad.
The company, which has changed its name from Coral-Net to I-scraper.com, after the name of its new product, supplies planning and coordination tools for entrepreneurs, project managers, architects, engineers, and contractors involved in construction projects. The Internet-based service includes tools for the coordination and management of large quantities of information, which characterize construction projects.
With an 18-strong staff, the company is involved in some 25 projects at the planning and execution stages, such as the Carmel Tunnel project, the construction of government complexes in Haifa and Beer-Sheva, and construction in the Haifa and Jerusalem univresities.
Jerusalem based ISP fund focuses on investment in high-tech industries in the Internet and bio-medicine areas.
Published by Israel's Business Arena June 2, 1999