Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has completed an investment in iguazio. The Herzliya, Israel-based company aims to accelerate the digital transformation of enterprises and simplifies real-time analytics at the edge, on-premises and in hybrid environments, complementing the offerings of leading cloud providers.
The $33 million investment round was led by Pitango Venture Capital. Additional funds came from Verizon Ventures and CME Group, as well as, the company’s existing investors, Magma Venture Partners, Jerusalem Venture Partners and Dell Technologies Capital. This new financing round brings the company’s total investment to $48 million.
Automotive and industrial applications
Founded in 2014, the iguazio Continuous Analytics Data Platform has redesigned the entire data stack to accelerate performance in big data, the Internet of Things (IoT) and cloud-native applications, according to Bosch.
“Automotive and industrial companies require real-time analytics closer to the edge,” said Dr. Ingo Ramesohl, managing director and co-head of RBVC. “iguazio’s platform is the missing link between on-prem servers and leading cloud providers, effectively complementing existing cloud solutions. It provides a distributed cloud near the edge for the greater simplicity, performance, security and agility required by next-generation applications.“
Extension of RBVC portfolio in Israel
“The investment in iguazio extends the RBVC investment portfolio in Israel including in companies, such as Seematics, Unispectral, CropX, Cheetah Medical and Utilight,” said Gad Toren, investment partner at RBVC. iguazio will use this new round to fund the company’s rapid global expansion.