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Datomize Announces $6m Seed Funding Round
Synthetic data solution, Datomize, announced the completion of their $6 million funding round with participation from us at F2. The funds will be used for the commercialization of their solution that accelerates time to market for artificial intelligence and machine learning models. CEO Avi Weiss stated,
“Datomize makes the generation and management of synthetic data simpler, more effective, and efficient, so that highly trained and hard to find data scientists can focus on analysis and strategy.”
Read more about this funding round here
VOOM Launches World’s First Per-mile Motorcycle Insurance
Gone are the days when people are happy to pay insurance for products they rarely use. As the insurtech industry develops, people are looking for more suitable and flexible coverage- that’s where VOOM insurance comes in with the first-of-its-kind per-mile motorcycle insurance. Pay-per-mile motorcycle insurance is a flexible coverage type in which you only pay for insurance coverage for the miles you actually ride on your motorcycle. This kind of insurance policy is perfect for motorcycle riders who travel short distances or ride only on occasion.
This product has already rolled out in Ohio, Arizona, Indiana and Illinois, and will continue to expand.
Read more about this innovative insurance plan here
Oriient Signs Major Commercial Agreements for Rollout of Indoor Locations
Oriient, our portfolio company bringing the GPS revolution indoors with a scalable and accessible solution for buildings, was selected for a major commercial agreement in the U.S.
Though details are still under wraps, this will display yet another way their hyper accurate indoor location awareness is changing the game.
F2 One of the Most Active Seed Funds of 2020
A survey conducted by Ground Up Ventures gathered information from over 30 seed-focused to learn more about seed funding in Israel. In addition to the highly informative insights, such as VCs laying out 145 Seed and Pre-Seed investments in 2020, F2 was singled out as one of the most active Seed funds in Israel alongside NFX and Pitango.
Read more about the pre-seed survey here
What We Are Reading
The boy’s club mentality of VCs has got to go | Calcalist
Why did I leave Google or, why did I stay so long? | Noam Bardin
Why do SaaS companies with usage-based pricing grow faster? | TechCrunch
“Autonomous-Finance” offers a Re-Imagined Idea of Banking. | TheStartup
Amazon Web Services play a vital role in the space industry | Observer
