OpenWeb Technologies Ltd.
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OpenWeb Technologies Ltd. - overview
Established
2012
Location
Tel Aviv, -, Israel
Primary Industry
Internet
About
Based in Tel Aviv, Israel, and founded in 2012 by CEO Nadav Shoval, OpenWeb Technologies Ltd. previously known as Spot. IM Ltd. operates as a developer of a social engagement platform that provides customer engagements through live chat, live video blogging, and automated community moderation.
The company was founded by Israeli software architects Nadav Shoval and Ishay Green and then in 2020, the company was renamed OpenWeb. In November 2021, OpenWeb Technologies Ltd. raised USD 150 million in series E funding co-led by new investor Georgian, with participation from from other new investors Lion Investment Partners and Kiri Capital. Returning investor Insight Partners, Entrée Capital.
New investors Dentsu, Harel Hertz Investment House, Samsung NEXT Ventures, and The New York Times Company Regional Media Group, along with individual and other unspecified investors also participated in the round. The Series E funding round values the company at more than USD 1 billion. The company's platform provides features to monitor and filter online comments sections. The platform can also identify anonymous users by using artificial intelligence to analyze their use of language, and by other means including their IP address and cookies.
The company's OpenWebOS experience for publishers and advertisers helps to engage their readers and build a community that brings more registrations and returns visits. OpenWeb Technologies Ltd. plans to use the Series E funding to double down on its mission and bring safer experiences to new verticals and new markets. The company also plans to expand its global presence with new offices in Canada, the Asia-Pacific China (APAC) region, and the Europe, Middle East, Africa (EMEA) region.
The company also plans on exploring strategic acquisitions to enhance its product offerings.
Current Investors
Index Ventures, Altair Capital, Insight Partners
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Analytics & Performance Software, Music & Video Streaming Software
Website
www.openweb.com
Verticals
Artificial Intelligence, Cloud Computing, Mobile Apps, Social Media
Company Stage
Series F
Total Amount Raised
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