prooV.io Inc.

prooV. io Inc. is a technology company that provides a comprehensive Proof of Concept (PoC) platform to facilitate innovation for enterprises and startups by connecting them with verified Independent Software Vendors (ISVs). Founded in 2015 in Herzliya, Israel, prooV.

io Inc. specializes in enabling businesses to evaluate new technologies through its PoC platform. The company has completed a total of 5 deals, with the most recent funding round occurring on September 30, 2021, where it raised USD 6. 75 mn.

The firm operates independently without noted subsidiaries or parent companies. prooV primarily offers a robust PoC (Proof of Concept) platform designed to accelerate the innovation process for enterprises and startups alike. This platform allows organizations to connect with verified Independent Software Vendors (ISVs) to evaluate their solutions, thereby enabling companies to assess the potential impact of new technologies across various applications such as AI, IoT, and BI. The platform is geared towards industries including finance, healthcare, retail, and government, catering to roles such as Heads of Innovation, IT teams, Enterprise Architects, and CISOs.

Since its inception, prooV has focused on providing a seamless environment for both enterprises and ISVs to engage in the evaluation process, effectively shortening the time from concept to deployment. Geographic markets served include North America, Europe, and parts of Asia, where demand for innovative solutions continues to grow. prooV generates revenue through a subscription-based model, offering tiered services that cater to different organizational needs. Clients, typically large enterprises and SMBs, engage with prooV to access its platform for PoC evaluations, which may involve customized arrangements or partnerships tailored to specific projects.

The revenue structure includes ongoing fees for access to the PoC platform and potential fees associated with additional services such as prooV Lab and SafeZone, which provide enhanced testing and validation environments. By providing a comprehensive suite of solutions designed to streamline the evaluation of cutting-edge technologies, prooV establishes a consistent revenue stream from its diverse client base, which relies on these services to effectively innovate and implement new technologies. In September 2021, prooV. io Inc.

raised USD 6. 7 mn in venture funding, which will be utilized to enhance its PoC platform and to expand its market reach. The company aims to launch new products aimed at improving the integration of AI and IoT technologies within the coming year. Additionally, prooV plans to target expansion into Asian markets, specifically focusing on South Korea and Japan by the end of 2023, leveraging the recent funding to support these initiatives.