Israeli IoT Startup Seebo Raises $8.5M In Series A

January 26, 2016 | Israeli IoT startup Seebo, announced today that it has closed a $8.5 million Series A financing round, bringing the total raised to date to $14 million. The funding was led by Carmel Ventures, a member of the Viola Group, with participation from existing investors, including TPY Capital. The company also announced that Ori Bendori, General Partner at Carmel, will join its Board of Directors. Founded in 2012 by CEO Lior Akavia and COO Liran Akavia, Seebo provides companies with end-to-end tools and technology for the development, production and post launch needs of smart products, enabling product teams to expedite their go-to-market timeline while significantly lowering product lifetime costs. The company is currently working with numerous companies across a range of industries, including toy and children’s products, health and wellness, sports equipment, baby products, and education. “Introducing a smart, IoT-connected product to the market today is a long, costly and complicated process, often times leaving even the most motivated product teams frustrated and well over budget,” said Akavia. “Seebo allows any product team to easily transform innovation to creation and focus on what will drive value for their customers.”