Petah Tikva-based Amenity Analytics raises $7.6m

Ronen and Hedva Feldman Photo: PR
Ronen and Hedva Feldman Photo: PR

The company has developed a platform for deriving insights from any type of text.

Amenity Analytics has completed its A round, raising $7.6 million in the company's first substantial financing round. Amenity Analytics uses artificial intelligence that revises itself to derive insights from any type of text. "Processing of natural language by the platform requires minimal programming and support, which saves a lot on costs, compared with other approaches to artificial intelligence," the company says in its announcement. Customers use Amenity Analytics' platform in order to get data from documents submitted to regulators, transcriptions of conference calls, news, social media, research reports, etc. A number of Fortune 100 companies and major hedge funds are among the companies already using Amenity Analytics' development.

According to its announcement, the company's technology combines principles of text mining systems and machine learning technology in order to create even more sophisticated 5G technology. Amenity Analytics cofounder and CEO Nathaniel Storch said in the company's announcement, "Amenity Analytics is already providing results in the analytics field. These substantial investments reflect the appetite for utilizing artificial intelligence to provide information that can be translated into action. It serves as a reminder that a lot more work is needed in order to bring the advantages of artificial intelligence to the world of business."

Amenity Analytics cofounder and chief scientist Ronen Feldman says, "Many have tried to solve the challenge of extracting messages from a textual database from various angles, but the challenge remains, and continues to grow as the volume of textual databases increases. While companies in our time are investing sizeable sums in databases and their analysis, it is difficult to derive precise insights from textual databases. Amenity Analytics was founded in order to make these insights accessible to all types of organizations."

Yuval Baharav, managing partner at State of Mind Ventures, which led the round, said, "Amenity Analytics is doing more than just reshaping the face of the industry. They are making analysis more precise than ever before, with a great saving to customers in time and money. Amenity Analytics' artificial intelligence system corrects itself. From now on, it will enable businesses to actually use larger quantities of information through an incomparably precise, high-speed, extensive, and comprehensive platform."

Founded: 2015

What the company does: A text analysis platform

Founders: CEO Nathaniel Storch and Ronen and Hedva Feldman (chief scientist and COO)

Total capital raised to date: $7.6 million

Number of employees: 15, including nine in Petah Tikva

Principal shareholder: State of Mind Ventures

Source: IVC Online and the company itself

Published by Globes [online], Israel Business News - www.globes-online.com - on August 21, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

Ronen and Hedva Feldman Photo: PR
Ronen and Hedva Feldman Photo: PR
Wix president Nir Zohar credit: Alan Tzatzkin Wix provides cautious 2025 guidance after strong 2024

The Israeli website building platform company reported its first-ever GAAP operating profit in 2024.

Saar Yoskovitz and Gal Shaul  / Photo: Augury Israeli industrial AI co Augury raises $75m

The new round represents an increase in valuation for Augury, which maintains its position as a ‘unicorn’ startup.

Eitan Yochananof and Eyal Ravid credit: Eyal Izhar and Tali Bogdanovsky Regulator indicts Victory, Yochananof CEOs over price fixing

The Israel Competition Authority today issued first indictments, following the food price fixing investigation.

Shekel credit: Shutterstock Vladirina 32 Shekel gains continue as Gaza talks progress

The shekel continues to trade at its strongest levels against the dollar since early 2023.

New York credit: Shutterstock Tel Aviv - New York fares stay high despite US airlines return

Ticket prices to the US will continue to cost at least $1,200 return, according to Ophir Tours, with most fares ranging between $1,500 and $2,000, or even more.

Greenfield Partners team credit: Eyal Toueg Greenfield Partners closes $400m third fund

The funds were raised from institutional investors in Israel, the US, Europe and Asia and brings the total funds under management to more than $1 billion.

Blockaid founders Ido Ben-Natan and Raz Niv credit: Liron Weissman Israeli onchain security co Blockaid raises $50m

Blockaid protects the largest companies building onchain, including Coinbase, Metamask, Stellar, Uniswap, and World App.

Air Haifa  credit: ATR Air Haifa to launch Paphos flights

New Israeli airline Air Haifa will launch a new route between Haifa and Paphos in Cyprus on April 3, 2025 with six weekly flights.

Bladeranger Deepsolar credit: PR Bladeranger divests Deepsolar to Painreform in strategic move

Deepsolar, acquired by Bladeranger in early 2023, is a sophisticated software solution designed to optimize the management of photovoltaic solar energy fields.

Traffic jam on the Ayalon Highway in Tel Aviv credit: Shutterstock Tender issued for operating Tel Aviv congestion charge

Minister of Transport Miri Regev has dropped her opposition to the project, reportedly in exchange for financing railways to Kiryat Shmona and Eilat.

Ilya Sutskever credit: Cadya Levy Ilya Sutskever's SSI raising money at $30b valuation - report

The AI startup founded last year by OpenAI founder and former chief scientist Ilya Sutskever, is in talks to raise money at a company valuation of over $30 billion, "Bloomberg" reports.

Dina Ben Tal Ganancia  credit: Guy Kushi & Yariv Fein El Al stock still rising despite return of foreign airlines

The Israeli carrier's share price has risen 35% since the start of the year and some analysts predict further gains.

NIS 200 bills credit: Tali Bogdanovsky Reduction in cash holdings after NIS 200 bill abolishment talk

Since September 2024 there has been a dramatic decline in the number of NIS 200 bills held by the public relative to the number of NIS 100 bills, according to Bank of Israel data.

Teva CEO Richard Francis credit: Elad Malka Teva CEO responds to 25% share price fall

Richard Francis said that the question is no longer whether Teva will survive but whether it can grow more.

Holon employment bureau credit: Eyal Izhar Unemployment in Israel fell in January

The unemployment rate in Israel fell to 2.6% in January 2025, after seasonal adjustment, from 2.7% in December 2024, the Central Bureau of Statistics reports.

Dizengoff Center credit: Guy Hamoy Israel's economy grew 1% in 2024, above expectations

This figure reflects negative GDP per capita growth of 0.3%, because of population growth last year, the Central Bureau of Statistics reports.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018