Bayshore Networks, an emerging leader in Industrial IOT cyber security was completed in March 2017 and was syndicated with Trident Capital. The company secures and protects critical Industrial IOT assets. Secret Double Octopus (SDO) is an Israeli cyber security company whose breakthrough technology enables a password-free environment with trust channels established via a mobile phone app. That investment was completed in April 2017 and was syndicated with JVP, Iris Capital, and Liberty Media Ventures. Sherpa Digital Media, an emerging leader in Augmented Reality for the enterprise, was completed in June 2017 and was syndicated with Rally Ventures. The company securely manages, measures and automates video content and reaches customers, prospects and employees across all devices and locations. 6d bytes, an emerging leader in robotics, machine vision and AI, was completed in June 2017 and was syndicated with Partech and leading angel investors such as Plug and Play. The company is transforming the way the food and beverage industry approaches the preparation and serving of healthy foods. Drishti, a computer vision spin-off of SRI (Stanford Research Institute, Menlo Park) joined the BGV portfolio in June 2017 and was syndicated with Andreessen Horowitz (a16z). It provides a highly innovative solution to improve the efficiency of human operators in manufacturing assembly lines. “We are grateful to enjoy the support of exceptional repeat and new investors in fund III to implement our investment strategy,” said Eric Benhamou, founder and general partner of Benhamou Global Ventures. “The sales of Grid Dynamics (acquired by TeamSun) and of Zentri (acquired by Silicon Labs) in Q1 2017 are a further evidence of the success of the BGV model.” The partners of BGV III are Eric Benhamou, Anik Bose, Eric Buatois, Yashwanth Hemaraj, Marina Levinson, Amir Nayyerhabibi, Janice Roberts based in BGV’s Palo Alto office, and Barak Ben Avinoam (based in BGV’s Tel Aviv office in Israel). About Benhamou Global Ventures BGV is an early-stage venture capital firm with deep Silicon Valley roots, with an exclusive focus on enterprise technology opportunities in global markets. BGV currently has 25 active companies in its portfolio. The BGV team of 8 investment professionals has successfully built and implemented a cross-border venture-investing model with companies from Israel, Europe and Asia. Eric Benhamou, former chairman and CEO of 3Com, Palm and co-founder of Bridge Communications, founded the firm in 2004. Comprised of an experienced partnership team of global operating executives and investors, BGV is often the first and most active institutional investor in a company and has a powerful network of technical advisors, executives and functional experts who actively engage with its portfolio companies. The company has offices in Palo Alto, California and Tel Aviv, Israel. For more information, visit www.benhamouglobalventures.com.New Investments, Fresh Capital, Recent Exits, Mark Momentum for Benhamou Global Ventures PALO ALTO, CA –(Marketwired – June 28, 2017) – Benhamou Global Ventures (BGV), an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on enterprise information technology opportunities in global markets, announced the final close of their third fund with $80 million of investable capital. Investors in the third fund include both existing LPs as well as new international and institutional LPs including several US, European, Israeli and Chinese investors. Extending the strategy of fund BGV II, BGV III will focus on enterprise IT sectors including cyber security, cloud-based infrastructure services and applications, web scale infrastructure, advanced analytics and artificial intelligence as well as industrial Internet of Things (IOT). The firm will continue its cross-border investment strategy, identifying and investing in promising companies originated in Israel, Europe and Asia and helping them build a presence in Silicon Valley. BGV has made 5 investments from the BGV III fund recently:
- Robotics Vision – Driven by demands for the following: safety, quality, reliability, and ease of use, cost efficiencies, benefits of 3D over 2D technology, rapid deployment, and penetration of smart camera in retrofit robotic systems. Key early adopter industries will be automotive and food processing. 6dbytes is an innovative robotics software orchestration company that is targeting the food-processing industry.
- Visual inspection/Machine Vision – Manufacturers prefer machine vision for visual inspections for their high speed and repeatability of measurements. This accuracy, along with the ability to safely and reliably identify flows and defects in products without disrupting or delaying processes, will create strong demand for computer vision. Key early adopter segments are likely to be the electronics and automotive industries. Drishti is another innovative startup that aims to revolutionize the manufacturing assembly line by digitizing human actions based on technology that can enable non-intrusive and real time observation.
- Augmented Reality – Applications such as improved logistics in a warehouse, remote monitoring, trouble-shooting and hands free access to contextual information are expected to drive the adoption of AR. Retail and transportation are expected to be early adopter segments. Augment is a startup seeking to transform the retail shopping experience with AR. They are one of the first companies targeting the enterprise B2B space with an end- to-end AR platform.
- Video Analytics – Intelligent video surveillance to respond to rising threats along with increased demand for business intelligence and adoption of cloud and analytics are also creating the need for computer vision technology. Early adopter markets are likely to be public safety and defense. Intellivision is an innovative BGV portfolio company that provides intelligent video analytics and smart camera solutions for retail, smart home and IOT markets.
- 3D Imaging – The automotive and construction sectors are progressively adopting 3D imaging solutions for designing, previewing and rectifying the final version of the end products. Fast-paced adoption is expected in healthcare as well for surgical applications and diagnosis.
- Image/Facial Recognition – Applications will increasingly value code recognition, digital image processing, object recognition, pattern recognition and optical character recognition. Media and entertainment is expected to be a lead early adopter segment. Finally, facial recognition will be driven by applications such as law enforcement, surveillance, mobile device authentication as well as targeted advertising in retail.