Anodot Raises $35M Led by Intel Capital

I’m very pleased to announce that we’ve secured an additional $35 million in funding, bringing our total capital raised to $62.5 million.

Investors and Support

Intel Capital led our series C fund, along with support from SoftBank Ventures Asia, Samsung NEXT and La Maison. Existing investors Disruptive Technologies L.P., Aleph and Redline Capital Management also participated.

Over the past year, we doubled our revenue. We are serving around 100 customers – including Atlassian, Xandr, T-Mobile, UPS, Bird, Vimeo and Nordstrom – and are further expanding into telco and fintech markets.

Anodot’s Mission and Vision

Anodot is driving the evolution of business analytics. By focusing on autonomous monitoring at a granular level, we’re able to deliver the right results in real time. We’re helping companies leverage their data to take immediate action, avoid losses and stay on top of business success – especially in times of economic turbulence.

We are here because of our unparalleled team. One that believes in our vision and is working tirelessly to ensure our customers benefit from our modern approach to business monitoring.

While this fund is a reason to celebrate, we must also brace ourselves for what’s to come. Organizations are facing unprecedented market uncertainty, and many are struggling to achieve visibility into business incidents that cost money, impact third-party tools and platforms, and diminish customer experience. Our employees are stepping up and doing what we do best – finding solutions to business’ toughest challenges.

Anodot’s three founders: Chief Data Scientist Ira Cohen, CEO David Drai and VP R&D Shay Lang.

We look forward to leveraging this new capital, and the experience of our investors, to further advance our platform, to expand our team and to better help organizations effectively identify and address business incidents.

Thank you to all those who have joined us on this journey. We deeply appreciate your support.

More On This Round

Intel Capital is among the preeminent venture investors in artificial intelligence, sponsoring leading disruptors such as Landing AI, DataRobot, SambaNova Systems and Gamalon. We are humbled and honored to join a portfolio of companies that Intel Capital considers “game changers.”

I am also excited to welcome Intel Capital Investment Director Roi Bar-Kat to our board. His background and his investment experience in companies such as Duality Technologies, NeuroBlade and Intezer will be invaluable to Anodot.

Read more in TechCrunch and in the official press release.