Cloud services developer Garantia Data has concluded its $3m seed funding round sourced from leading angel investors, including Israeli investor Zohar Gilon, and Tel Aviv-based incubator thetime, which is corporate-backed by McCann-Erickson and AdsMarket, both advertising groups.
Gilon and thetime were also joined by a group of investors that previously seed funded data compression company StorWize, which was acquired in 2010 by IBM for $140m.
Israeli incubator thetime also invested in website-to-mobile app developer UppSite during July in a $2.1m venture round. The startup investor received a $4m investment in April this year for a 15% stake from global marketing communications company McCann Worldgroup. Thetime’s founder Ilan Shiloah has held the position of chairman of McCann Erickson Israel for the past decade.
Shiloah is joined by thetime co-founder and angel investor Nir Tarlovsky, and thetime CEO Uri Weinheber as shareholders. Other shareholders include Matomy Media CEO Ofer Druker, McCann Erickson CEO Iris Beck, Joint CEO of Reuveni-Pridan Advertising Agency Udi Pridan, Reshet-TV Vice President Shira Margalit and others.
California-based Garantia released its fully automated, in-memory NoSQL cloud services in June of this year. Since then, Garantia has been accepted into Amazon Web Services Partner Network (APN), and is among the first of the AWS Partners to gain public designation as a Standard Technology Partner. APN is a new global initiative by Amazon to provide partners with the technical and marketing support to accelerate their business through AWS.
In a statement, Garantia CEO Ofer Bengal said: “Demand for our Redis Cloud and Memcached Cloud has grown since we launched our beta earlier this summer. We will use the funds to help fulfill and fuel this demand as well as expand the breadth of our offering.”
He added: “Our new APN Standard Technology Partner status is recognition of the value we provide to AWS Redis and Memcached cloud developers seeking better solutions for these ultra-fast in-memory data stores.”