StarkWare valuation jumps to $8 bn; Rivery, Buywith, Red Access get VC cash

 StarkWare valuation jumps to $8 bn; Rivery, Buywith, Red Access get VC cash

StarkWare co-founders Uri Kolodny (left) and Eli Ben-Sasson. Photo credit: Natalie Schor

Netanya, Israel-based blockchain solutions developer StarkWare has raised $100 million in a Series D funding round which values the company at a whopping $8 billion.

The latest round follows a $50 million round in November last year, which had valued it at $2 billion. This means the company’s valuation has gone up four times in less than eight months.

The latest funding round was led by investment firms Greenoaks Capital and Coatue. The lead investors were joined by Tiger Global, among others.

The Series C round had been led by Sequoia Capital and included Founders Fund, Paradigm, Three Arrows, and Alameda Research.

StarkWare also counts Vitalik Buterin, co-founder of Ethereum, as one of its shareholders.

StarkWare was founded in 2018 by Uri Kolodny (CEO), Eli Ben-Sasson (President), Michael Riabzev (Chief Architect), and Alessandro Chiesa (Chief Scientist).

It raised $36 million in its Series A round in October 2018 and $75 million in Series B in March 2020. Both these rounds were led by Paradigm.

Rivery

Israeli tech startup Rivery has raised $30 million in a Series B funding round led by Tiger Global.

Tiger Global was joined by the company’s current investors State of Mind Ventures and Entrée Capital.

With the latest funding, the startup has snagged cheques worth $48 million. It had closed its Series A round last year.

Rivery provides a single end-to-end ELT (extract, load, transform) solution which covers key processes to create the optimal data stack: Ingestion, Transformation, Orchestration, and Reverse ETL. Teams can choose from the different modules to build their ideal data infrastructure.

The company currently employs 75 people. It will use some of the new money to double its workforce over the next year. It said the new funding will also help expedite its growth across all teams including research and development, product, and sales.

The Tel Aviv-headquartered company has an office in New York and has just opened one in London. The company says it caters to more than 300 customers worldwide. Some of its marquee clients include Emaar, Bayer, Webedia, BuzzFeed, Papaya Global, American Cancer Society, NEXT, and WalkMe.

Rivery was founded by CEO Itamar Ben Hemo, CTO Aviv Noy, and Chief Architect Alon Reznik.

Buywith

Livestream shopping platform Buywith has raised $9.5 million in a seed funding round led by igniteXL Ventures, a Silicon Valley-based fund with a focus on technology-driven beauty and wellness investments.

Others who joined the round include Fab Co-Creation Studio Ventures, founded by Odile Roujol, former CEO of Lancome; Regah Ventures and the venture arm of luxury retailer Factory54.

John Caplan, Alibaba.com’s former President of North America and Europe, and Kevin Ambrosini, Alibaba.com GM of North America, also joined the round.

The company said it will use the new money to meet increasing customer demand and grow its sales, marketing, and R&D teams across the globe, focusing on North America.

Red Access

Tel Aviv-based startup Red Access has emerged from stealth mode with a $6 million seed funding round led jointly by Eltron Ventures and Ten Eleven Ventures.

The company said it will use the funds to expand its operations, accelerate customer growth and form strategic partnerships. The company is also actively recruiting for a wide range of positions at its headquarters in Tel Aviv.

“Red Access represents the next stage of evolution in secure browsing,” said Red Access CEO Dor Zvi. “We’ve created a much-needed solution to an urgent problem faced by today’s enterprises — the rapidly-expanding web attack surface. We’re filling in the gaps, offering a new security platform that redefines secure browsing, establishing a new gold-standard of frictionless and agnostic security — the secure web session.”

Red Access was founded by security experts Dor Zvi (CEO) and Tal Dery (CTO).

Aman Malik

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