Seebo, a Tel Aviv, Israel-based provider of an Internet of Things end-to-end development, production and runtime platform, closed an $8.5M Series A financing round.
The round was led by Carmel Ventures, a member of the Viola Group, with participation from existing investors including TPY Capital. In conjunction with the funding, Ori Bendori, General Partner at Carmel, will join Seebo’s Board of Directors.
The company, which has raised $14M to date, intends to use the funds to continue to expand adoption of its platform globally.
Led by Lior Akavia, Co-Founder & CEO, Seebo provides companies with 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 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, furniture and electronics, travel equipment, baby products and fashion.