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K2View completes $28 million funding round to expand DevOps platform

K2View completes $28 million funding round to expand DevOps platform

Forestay Capital and Genesis Partners back the Israeli company that experienced a boom in the first half of 2020

Meir Orbach | 14:13  12.08.2020
Israel-based DataOps solutions startup K2View Ltd., announced Wednesday that it completed a $28 million financing round led by Swiss venture capital firm Forestay Capital along with funding from Genesis Partners and the Phoenix Insurance company. Genesis founders Eddy Shalev and Eyal Kishon serve as the Phoenix investment consultants for late-stage companies and participate in investments privately.

K2View is an Israeli software company active in the enterprise and organizational data management sector. It develops DataOps and realtime data management solutions. The new funding comes on the heels of rapid growth that saw over 75 percent CAGR in revenue, with a strong first half of 2020. The company was founded in 2010 and employs more than 130 people.

Investments in tech companies. Photo: Shutterstock Investments in tech companies. Photo: Shutterstock Investments in tech companies. Photo: Shutterstock

“As we look to the next stage of our growth, our vision is to continue helping companies unlock their potential by providing a faster, better, and more cost-effective way to access and control data. To achieve funding of this size in the midst of a worldwide pandemic further proves our business potential. Forestay Capital and Genesis Partners share our vision for the future and are natural partners in helping us accelerate our growth,” Achi Rotem, CEO and co-founder of K2View said in a statement.

The K2View platform brings together an enterprise’s disparate data to power a wide range of business and technical transformations.

“As companies undergo digital transformation to adapt to a changing global economy and regulatory environment, K2View’s disruptive technology is transforming the use of data to accelerate business innovation,” said Frederic Wohlwend, Managing Partner at Forestay Capital. “We’re thrilled to partner with this talented and visionary team in their next growth journey and scale the business across the globe to help organizations tackle their most complex data challenges.”

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