OpenLegacy, a Tel Aviv, Israel-based provider of microservices-based API integration for back-end applications, closed a $30m funding round.
The round was led by Silverhorn Investment Advisors with participation from CommerzVentures, C. Entrepreneurs, Leumi Partners, O.G. Tech Ventures, Prytek-GFS Group, and RDC.
The company intends to use the funds to further expand its business reach.
Founded by Romi Stein (CEO), Roi Mor (CTO), and also led by Ron Rabinowitz (CFO & COO), OpenLegacy allows organizations to quickly launch innovative digital initiatives by automating and standardizing the process of creating digital services. With its microservice-based APIs, the most complex organizations can accelerate the delivery of new innovations without changing their back-end systems.
OpenLegacy is a flagship company of “The Floor,” a global innovation platform, in partnership with banks such as HSBC, Santander, RBS, Intesa SanPaolo, Deutsche Bank, and SMBC alongside Intel, and Accenture.