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Pitango VC: Leading investments in technology. Explore their portfolio and funding activity on Lucidity Insights.

Pitango VC

Pitango VC is a venture capital firm that specializes in health-tech and growth investments.

Ra'anana

DriveNets

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DriveNets is a networking company that provides software-based routing solutions.

Graphcore

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AppsFlyer

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Optibus

PayEm

Finance

Fintech

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PayEm is the comprehensive solution that transforms how your organization manages expenses, empowers employees, and takes charge of financial decisions. In a world where bottlenecks and inefficiencies have become the norm, we offer a breath of fresh air.

Valeritas

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Riskified

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Kadima

Magenta Medical

Health Care

Medical

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Magenta Medical's "Elevate™ percutaneous Left Ventricular Assist Device (pLVAD) is a next-generation low-profile arterial pump, intended for temporary support of patients undergoing high-risk coronary interventions and the treatment of patients admitted with cardiogenic shock.

Visby Medical

Patient 21

Totango

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TScan Therapeutics

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Logz.io

EarlySense

StreamElements

Content Creators

Tomorrow.io

OpTier

Nexite

venn

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Masterschool

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Formlabs

Inotek Pharmaceuticals

Brainsgate

AI21 Labs

Celeno

Chiaro Networks

Internet

Silk

Software

Vertos Medical

Quantum Source

Computer

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Quantum Computing

Deeptech

Quantum Source is developing a photonic quantum architecture for fault-tolerant, practical quantum computers that can scale to millions of qubits at a fraction of the complexity, footprint, power consumption, and cost of other implementations.

VisionCare Ophthalmic Technologies

Mend

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OptimalPlus

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Variantyx

Speedata

Aquant

Duda

Voltaire

Tailor Brands

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MobileAccess Networks

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YCD Multimedia

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Provigent

Perception Point

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Red Bend Software

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Lumigo

DuneNetworks

fring

Focal Energy

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TransPharma Medical

Swimm

Zerto

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ParallelM

Marvell Software Solutions Israel

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mySupermarket

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keepMED

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RA'ANANA, Israel, Aug. 17, 2022 /PRNewswire/ -- DriveNets, a leader in cloud-native networking solutions, today announced it has secured $262 million in a Series C venture capital funding round, considerably increasing the company's valuation over its January 2021 Series B round. The funding from this latest round of investment will be used to develop future technology solutions, pursue new business opportunities, and expand the company's global operations and support teams to support growing customer demand.

The round was led by D2 Investments with the participation of DriveNets' current investors, including Bessemer Venture Partners, Pitango, D1 Capital, Atreides Management, and Harel Insurance Investments & Financial Services.

DriveNets Secures $262 Million in Series C Funding to Continue Disrupting the Telecommunications and Cloud Infrastructure Industry

RAANANA, Israel, Jan. 27, 2021 /PRNewswire/ -- DriveNets, the networking software company, announced today that it has raised $208 million in a Series B funding round that brings DriveNets' valuation to more than $1 billion. The company will use the investment to continue to offer service providers and hyperscalers a radical new way to build their networks with higher capacity and scale at a much lower cost. DriveNets Network Cloud is already deployed as the core routing solution for AT&T, one of the largest networks in the world, demonstrating the scale and efficiency of a fully virtualized, disaggregated network. The funding will also allow DriveNets to expand to new geographies, responding to the surge in demand for more connectivity and infrastructure that can be easily scaled in a cloud-native fashion.

The round was led by new investor D1 Capital Partners with significant follow-on investments from existing investors Bessemer Venture Partners and Pitango. New investor Atreides Management also participated in the round.

DriveNets Raises $208 Million Funding to Build the Network Cloud Infrastructure of the Future

DriveNets’ Network Cloud software redefines network economics, enables capacity and service growth at unlimited scale. The round is led by Bessemer Venture Partners and Pitango Growth

(Ra’anana Israel, February 14, 2019) DriveNets, a networking software company, today emerged from stealth and announced a first round of financing of $110M to accelerate its revolution of Service Provider networks. The round was led by Bessemer Venture Partners and Pitango Growth, with the participation of a number of private investors.

DriveNets Raises $110M Series A Funding to Revolutionize Service Provider Networks

Quantum Source, an Israel-based company developing, technology for powerful, cost-effective, practical photonic quantum computers, announced today it has raised a $50M Series A investment round led by Eclipse, with participation from Standard Investments, Level VC, Canon Equity, as well as existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital. This brings the company's total funding raised to over $77M. The capital will be used to enhance engineering capabilities and accelerate the commercialization of quantum solutions.

Quantum computing is a fundamental paradigm shift in computing, with the potential to dramatically accelerate technological advancements in drug design, material development, cybersecurity, and more. Large-scale, fault-tolerant quantum computers, with millions of qubits, are critical to unlocking the potential of quantum computing but have yet to reach commercial viability. Photonic quantum computing technology offers the best route to commercialization, however, the biggest obstacle has been the massive inefficiency in creating entangled photonic states, a challenge that Quantum Source addresses.

Quantum Source was founded in 2021 by semiconductor industry veterans and serial entrepreneurs Oded Melamed, Gil Semo, and Dan Charash, and Professor Barak Dayan, a world-leading scientist in the field of quantum optics, who saw an opportunity to solve one of the biggest challenges of photonic quantum computing. The team has taken a novel approach that harnesses single atoms trapped on a proprietary photonic chip to allow deterministic photon generation and entanglement. This results in four orders of magnitude better efficiency compared to other implementations, making the Quantum Source system substantially more scalable, compact, and simpler to control.

"This round is a vote of confidence in our approach to making scalable, useful quantum computing a reality, and a testament to the broader opportunity in quantum computing," said Oded Melamed, Co-Founder and CEO of Quantum Source. "Our game-changing approach, which combines photonic and atomic qubits, will propel quantum computing further toward commercialization, by making large-scale, fault-tolerant quantum computers available to corporations at a practical cost."

With 45 employees, more than half of whom hold PhDs, Quantum Source is uniquely positioned to accelerate growth and innovation in the photonic computing industry. Last year, the company announced a $12M seed extension led by Dell Technologies Capital and welcomed Former Israeli Prime Minister Naftali Bennett to its Board of Directors, providing extensive tech leadership experience that is instrumental in driving Quantum Source's mission.

"Eclipse's investment in Quantum Source underscores our commitment to a future where quantum computing transforms what's possible," said Seth Winterroth, Partner at Eclipse. "With a team of visionary entrepreneurs and leading quantum physicists, Quantum Source is poised to lead a computing revolution that will reshape industries and redefine our future entirely."

"Public, private and government sectors have made significant investments into the quantum industry, underscoring the impact quantum computing can have on shaping our future," said Former Israeli Prime Minister and Quantum Source Board Member, Naftali Bennett. "Quantum Source is at the forefront of this revolution and I believe they will be the team to unlock the promise of quantum computing to transform critical industries."

Quantum Source Raises $50M to Drive Scalable Quantum Computing and Solutions

Quantum Source, a Rehovot, Israel-based company developing photonic quantum computers, raised $12M in funding.

The round was led by Dell Technologies Capital with participation from 10D and existing investors Eclipse VC, Grove Ventures, and Pitango First.

The company intends to use the funds to expand the research and development team as they scale to reach technical and performance milestones.

Led by Oded Melamed, CEO, Quantum Source is developing technology to enable the efficient implementation of large scale, fault-tolerant, photonic quantum computers that scale to millions of qubits and that will have the potential to free acceleration in numerous fields that include drug design, material development, cybersecurity, and the processing of large datasets for AI applications. Photonic quantum computing is a type of quantum computing that uses photons as a representation of qubits.

Quantum Source is led by four co-founders: CEO Oded Melamed; VP of R&D, Gil Semo; Chief Scientist Prof. Barak Dayan; and Chairman Dan Charash.

Quantum Source Raises $12M in Funding

TEL AVIV, July 1, 2022 — Quantum Source (QS), an Israel-based quantum computing company is coming out of stealth mode with a $15 million seed funding round co-led by Grove Ventures, Pitango First, and Eclipse Ventures.

The company was founded by three serial entrepreneurs and a Professor from the Weizmann Institute of Science: Oded Melamed, CEO, who was the co-founder and CEO of Altair Semiconductor acquired by Sony; Gil Semo, VP R&D, who was among the founding team of Anobit Technologies acquired by Apple, who later became the Director of Platform Architecture at Apple in Israel; Dan Charash, Chairman, who was the co-founder and CEO of Provigent acquired by Broadcom; and Prof. Barak Dayan, Senior Scientist and founder and head of the Quantum Optics lab at the Weizmann Institute of Science. The company employs twenty-five physicists and engineers, fifteen of whom hold PhD degrees.

A quantum computer is a new type of computer with enormous processing power that will be able to solve problems that classical computers cannot, like factoring of large integers and simulations of complex molecules.

The global effort to develop a commercially viable quantum computer has gained significant momentum in recent years. Most research groups and companies active in the field such as Google, IBM, IonQ, and Rigetti rely on matter-based technologies, e.g. superconducting qubit (a basic unit of quantum information) or trapped ions, and have built quantum computers with a small number of qubits (tens or hundreds of qubits). In order to solve commercially valuable problems, a quantum computer with millions of qubits is required.

Quantum Source’s vision is to enable scaling quantum computers to millions of qubits with its breakthrough photonic technology. Large-scale photonic quantum computers are expected to instigate a revolution in entire industries. These quantum computers will accelerate, for instance, the development of new drugs, shorten the time pharma companies can introduce new medicines to the market, and support physicians with treatment optimization for complex diseases.

Photonic QC Firm Quantum Source Emerges from Stealth with $15M Seed

Itamar Jobani was a software developer working for a medical company and “hated that time of the month” when he had to use the company’s chosen reimbursement tool.

“It was full of friction and as part of the company’s wellness team, I felt an urge to take care of the employee experience and find a better tool,” Jobani told TechCrunch. “I looked for something, but didn’t find it, so I tried to build it myself.”

What resulted was PayEm, an Israeli company he founded with Omer Rimoch in 2019 to be a spend and procurement platform for high-growth and multinational organizations. Today, it announced $27 million in funding that includes $7 million in seed funding, led by Pitango First and NFX, with participation by LocalGlobe and Fresh Fund, as well as $20 million in Series A funding led by Glilot+.

PayEm comes out of stealth with $27M and its answer to the expense report

PayEm, as it came to be known, launched in 2019 — Jobani partnered with fellow developer Omer Rimoch to get the idea off the ground. Creating a spend and procurement platform from scratch might’ve been a big risk, but it appears to have paid off for Jobani, who claims that PayEm now has “hundreds” of customers and fast-growing revenue (up 550% over the last year).

To set the stage for further growth, PayEm has closed a $20 million Series A equity round and taken out a $200 million credit line, the company announced today. Viola Credit, Mitsubishi Financial Group, Collaborative Fund, Pitango First, NFX, LocalGlobe and Glilot+ are among those who contributed the $220 million in funds, which Jobani says will be put toward expanding PayEm’s card operations, serving larger customers and improving the employee experience within the core digital product.

Reimbursement and spend management platform PayEm secures $220M in equity and debt

KADIMA, Israel, May 3, 2023 /PRNewswire/ -- Magenta Medical, developer of the world's smallest heart pump, announced today a $55M financing round led by global healthcare investment manager OrbiMed, with participation from existing investors New Enterprise Associates (NEA), Pitango VC, and ALIVE - Israel HealthTech Fund. The financing will be used, among other things, to advance the clinical programs of the company's product in the United States towards its first FDA approval.

Magenta Medical Closes $55M Funding Round Led by OrbiMed

KADIMA, Israel, July 29, 2019 /PRNewswire/ -- Magenta Medical, the developer of heart failure solutions based on proprietary miniaturized blood pump technology, today announced a financing round led by global venture capital firm New Enterprise Associates (NEA), with participation from existing investors, including Pitango Venture Capital, JVC Investment Partners and a group of private investors led by Prof. Jacques Seguin (CoreValve, ReCor). The financing will be used to advance the development of the company's two products and support Magenta Medical towards its first FDA approval.

Magenta Medical Closes Funding Round Led by NEA in Its First-Ever Life Sciences Investment in Israel

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