Israeli Internet-of-Things co Seebo raises $8.5m

Lior and Liran Akavi
Lior and Liran Akavi

Seebo provides companies with end-to-end tools and technology for the development and production of smart products.

Internet of Things end-to-end development, production and runtime platform startup Seebo has closed a $8.5 million Series A financing round. The latest financing round brings the total raised by the company to date to $14 million. The funding was led by Carmel Ventures, a member of the Viola Group, with participation from existing investors, including TPY Capital. The company also announced that Carmel Ventures general partner Ori Bendori will join its Board of Directors.

Seebo provides companies with end-to-end tools and technology for the development, production and post-launch needs of smart products, enabling product teams to expedite their go-to-market timeline while significantly lowering product lifetime costs.

Based in Tel Aviv, Seebo was founded in 2012 by CEO Lior Akavia and COO Liran Akavia.

Lior Akavia said, Introducing a smart, IoT-connected product to the market today is a long, costly and complicated process, often times leaving even the most motivated product teams frustrated and well over budget. Seebo allows any product team to easily transform innovation to creation and focus on what will drive value for their customers.

Most product companies wont want the expense and commitment of building IoT development and runtime capabilities from scratch. Seebos platform is aimed at helping these companies solve the question of how to build and support connected products, allowing them to keep doing only what they do best.

Bendori said, We believe that Smart IoT products will become a standard in various verticals very soon and thats why we partnered with Seebo that is perfectly positioned to help bring the IoT revolution to market. With Seebo, any product can become connected in a cost effective, fast and efficient process. We look forward to working closely with the visionary team at Seebo as they continue to perfect their platform and increase market share across numerous verticals.

Published by Globes [online], Israel business news - - on January 26, 2016

Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Lior and Liran Akavi
Lior and Liran Akavi
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