prooV, a Tel Aviv, Israel-based SaaS platform that facilitates and streamlines the Proof-of-Concept (PoC) process for startups and enterprises, raised $14m in Series B funding.
The round, which brings total financing to $21.1m, was led by Helios Capital and Mangrove Capital Partners with participation from OurCrowd and Cerca Partners.
The company intends to use the funds to expand its presence and headcount, enhance its platform, and open an office in New York City to support its expanding North American client portfolio.
Founded by Toby Olshanetsky, CEO, prooV provides startups and enterprises with a SaaS platform to discover, connect, execute and evaluate Proof-of-Concepts (PoCs) through remote, secure and data-rich testing environments. It manages the entire PoC process, from the discovery via its PoC and solutions marketplace, to testing via deep mirroring of the enterprise testing environment, through to the deployment of the technology on the enterprise’s production servers.
Launched in September 2016, the company has experienced growth from enterprises across virtually every industry that are looking to find, test-drive and implement the latest innovations.
To date, prooV has over 1,000 companies signed up to its platform.