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Investments

45

Portfolio Exits

6

About GlenRock Israel

GlenRock Israel, founded in 2003, is an Israel-based investment fund and takes a multi-disciplinary investment approach which includes venture investing to private equity. The firm offers portfolio companies value-added services such as advisory, M&A services, and financial services. GlenRock Israel primarily invests in Life Sciences and advanced technology opportunities.

GlenRock Israel Headquarter Location

The Herzeliyah Business Park 85 Medinat Hayehudim St. Tower G, 8th Floor

Herzliya,

Israel

972-9-9701800

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Latest GlenRock Israel News

Model9 gets $9M Series A to move data between mainframes and cloud

Feb 12, 2020

Model9 , an Israeli startup launched by mainframe vets, has come up with a way to transfer data between mainframe computers and the cloud, and today the company announced a $9 million Series A. Intel Capital led the round with help from existing investors including StageOne, North First Ventures and Glenrock Israel. The company reports it has now raised almost $13 million. You may not realize it, but the largest companies in the world like big banks, insurance companies, airlines and retailers still use mainframes. These companies require the massive transaction processing capabilities of these stalwart machines, but find it’s difficult to get the valuable data out for more modern analytics capabilities. This is the hard problem that Model9 is attempting to solve. Gil Peleg, CEO and co-founder at Model9, says that his company’s technology is focused on helping mainframe users get their data to the cloud or other on-prem storage. “Mainframe data is locked behind proprietary storage that is inaccessible to anything that’s happening in the evolving, fast-moving technology world in the cloud. And this is where we come in with patented technology that enables mainframes to read and write data directly to the cloud or any non-mainframe distributed storage system,” Peleg explained. This has several important use cases. For starters, it can act as a disaster recovery system eliminating the need to maintain expensive tape backups. It can also move this data to the cloud where customers can apply modern analytics to data that was previously inaccessible. The company’s solution works with AWS, Google Cloud Platform, Microsoft Azure and IBM’s cloud solution. It also works with other on-prem storage solutions like EMC, Nutanix, NetApp and Hitatchi. He says the idea is to give customers true hybrid cloud options, whether a private cloud or a public cloud provider. “Ideally our customers will deploy a hybrid cloud topology and benefit from both worlds. The mainframe keeps doing what it should do as a reliable, secure, trusted [machine], and the cloud can manage the scale and the rapidly growing amount of data and provide the new modern technologies for disaster recovery, data management and analytics,” he said. The company was founded in 2016 and took a couple of years to develop the solution. Today, the company has 10 customers, but these are the kinds of large organizations that would be using mainframes. Peleg says, he wants to use the money to expand the sales and marketing operation to grow the market for this solution.

GlenRock Israel Investments

45 Investments

GlenRock Israel has made 45 investments. Their latest investment was in Lydus Medical as part of their Seed VC - II on May 5, 2021.

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GlenRock Israel Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/24/2021

Seed VC - II

Lydus Medical

$2.7M

Yes

Mor Research, Sanara Ventures, and Undisclosed Investors

4

11/2/2020

Series B

Nurami Medical

$6M

Yes

5

2/12/2020

Series A

Model9

$9M

Yes

15

6/6/2019

Series A

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$99M

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10

12/11/2017

Private Equity

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$99M

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10

Date

5/24/2021

11/2/2020

2/12/2020

6/6/2019

12/11/2017

Round

Seed VC - II

Series B

Series A

Series A

Private Equity

Company

Lydus Medical

Nurami Medical

Model9

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Amount

$2.7M

$6M

$9M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Mor Research, Sanara Ventures, and Undisclosed Investors

Sources

4

5

15

10

10

GlenRock Israel Portfolio Exits

6 Portfolio Exits

GlenRock Israel has 6 portfolio exits. Their latest portfolio exit was Outbrain on July 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/23/2021

IPO

$991

2

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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$991

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10

Date

7/23/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

2

10

10

10

10

GlenRock Israel Team

3 Team Members

GlenRock Israel has 3 team members, including current Founder, Chief Executive Officer, Leon Recanati.

Name

Work History

Title

Status

Leon Y. Recanati

Founder

Current

Leon Recanati

Founder, Chief Executive Officer

Current

Ronit Izraeli

Chief Financial Officer

Current

Name

Leon Y. Recanati

Leon Recanati

Ronit Izraeli

Work History

Title

Founder

Founder, Chief Executive Officer

Chief Financial Officer

Status

Current

Current

Current

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