Israeli air quality data and pollen information company BreezoMeter has announced the completion of a $7.75 million Series B financing round led by Goldacre and Entrée Capital.
Haifa-based BreezoMeter was the first company to introduce location-based and real-time air quality data, available via API, to businesses. Since then the company has landed major partnerships in the smart home, medical, automotive and lifestyle industries and has received investments totaling $12.5 million.
BreezoMeter was founded in 2014 by three graduates of Israel’s Technion Institute of Technology: environmental engineers Ran Korber (CEO) and Ziv Lautman (CMO), and software engineer Emil Fisher (CTO). The founders were looking to buy family homes in the healthiest, cleanest areas in Israel, but realized they didn’t have access to relevant, location-based data that could help them. This drove them to create a company that could provide that insight.
Korber said, "Our next generation environmental solutions will help smart cities reduce pollution levels, and protect their citizens with smart traffic management solutions, focusing on strategic areas with sensitive populations. For the automotive industry, we are introducing the most comprehensive solutions to protect drivers and passengers from air pollution, as they are often exposed to levels even higher than the surrounding outdoor air."
Fisher said, “The future of air quality is complex, and the most powerful tool we have to improve the lives of billions of people around the world is through data and education. Previous funding rounds helped us establish our presence in North America and Europe, as well as partner with some of the world's largest companies. This funding round will enable us to expand our market offering to new and exciting markets all around Asia.”
Published by Globes [online], Israel business news - www.globes-online.com - on September 13, 2018
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