Israeli Pilot-as-a-Service platform prooV raises $7m

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prooV enables global enterprises to discover, connect and engage with independent software vendors.

Israeli Pilot-as-a-Service platform prooV has raised $7 million in a Series A financing round from Mangrove Capital Partners and OurCrowd. Tel Aviv based prooV consolidates and optimizes the Proof of Concept (PoC) ecosystem, enabling global enterprises to discover, connect and engage with independent software vendors (ISVs) to easily run and evaluate multiple PoCs through remote, secure testing environments. The prooV platform also reduces the demand on time and resources, allowing organizations to complete PoCs within days, not months.

prooV, which has come out of stealth, will showcase its platform at TechCrunch Disrupt San Francisco from September 12-14, 2016.

prooV CEO and cofounder Toby Olshanetsky said, "The PoC process has been complex, tedious and highly inefficient for both enterprises and vendors until now. prooV offers a radical new approach to testing, tracking and analyzing vendor solutions, accelerating the journey from RFP to PoC. Our goal is to level the playing field for Independent Software Vendors regardless of size, resources or geography, while also giving enterprises around the world greater insight into the best and most innovative technology solutions to suit their needs. prooV's unique testing environments and sophisticated predictive analytics allow the company to simulate real-time production environments for customers."

"prooV addresses and solves a huge pain point in the market today by helping enterprises and software vendors more easily connect and run complex, time consuming and resource-draining PoCs," said Roy Saar, partner at Mangrove Capital.

David Stark, partner at OurCrowd, added, "The prooV Pilot-as-a-Service approach reimagines the PoC process from beginning to end, making it easier for enterprises and vendors alike to share new solutions, test, track, analyze and report. There is nothing else like it on the market today."

Published by Globes [online], Israel business news - www.globes-online.com - on September 11, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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Startups Photo: Shutterstock
Startups Photo: Shutterstock
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