WeWork Opens R&D Center In Israel To Develop Digital Services Platform For Its Creators

February 1, 2016 | Co-working space WeWork has announced the opening of an Israel-based R&D center, led by Ron Gura, former head of eBay’s Innovation Labs in Israel. Gura will bring his knowhow from eBay, as well as his experience serving as an entrepreneur in residence at VC firm Aleph Partners, to develop WeWork Digital, a suite of added-value services for WeWork’s community of creators. Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork runs 77 sites in 23 cities around the world, including Berlin, London, Boston, New York and San Francisco, providing professionally designed workspace, as well as other services (insurance, consultancy, etc) that startups need in order to scale up. The company has achieved a valuation of $5-10 billion, after raising over $1 billion from institutional investors, including Goldman Sachs, Fidelity, J.P. Morgan and the Harvard Management Company.