Israeli community engagement platform OpenWeb has raised $170 million at a valuation of $1.5 billion.
The Series F funding round was led by Georgian and brings the total money raised by the company to $393 million.
OpenWeb is also backed by other marquee investors including Insight Partners, Entrée Capital, The New York Times, Samsung Next, Dentsu, and ScaleUp.
The new funding round comes soon after OpenWeb acquired global advertising platform ADYOULIKE for $100 million and comes nearly a year after it raised a series E round of $150 million.
OpenWeb was founded in 2012 and employs 265 people across New York City, Tel Aviv, Kiev, San Diego, Canada, London, and Paris.
The company has over the past few months brought down its research and development activities in Israel and is now mostly managed from the US.
OpenWeb counts among its clients The New York Times, Hearst, Yahoo!, Penske Media Corporation, and News Corp.
“There is a paradigm shift happening right now in the media, and we have the opportunity to drive major changes in how people communicate with one another in virtual spaces, as well as how publishers and advertisers form and maintain lasting relationships with their audiences,” said Nadav Shoval, co-founder and CEO of OpenWeb.
OpenWeb says its B2B2C platform is designed to power end-to-end user experiences with user activation and management, first-party data aggregation and management, AI moderation, and social experiences.
“OpenWeb offers a wealth of premium publishers, engaged users, first-party data capabilities, and unique algorithms for moderation and targeting,” said Margaret Wu, Lead Investor at Georgian. “As publishers and advertisers search for trusted, quality alternatives to the ‘walled gardens’ of social media, we saw an opportunity to collaborate with OpenWeb to create quality social environments for brands that deliver personalized advertising at-scale.”
Navina
Israeli healthtech startup Navina has raised $22 million in a Series B funding round ALIVE Israel HealthTech Fund.
The round, which brings the total money raised by the company to date to $44 million, was also joined by its existing backers Grove Ventures, Vertex Ventures Israel, and Schusterman Family Investments.
The new money will be used to double its current Israeli staff strength of 57. It will also hire more people for its sales team in the US.
Navina uses medically-informed AI to provide primary care physicians with the right information at the right time. It distills entire patient histories from different sources, turning thousands of data points into a Patient Portrait, ensuring critical decision-making data is not missed.
Navina was founded in 2018 by CEO Ronen Lavi and CTO Shay Perera, both former Israeli intelligence officers.
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