About State of Mind Ventures
State of Mind Ventures is a $50 million fund that invests $1-2 million per company at the seed stage in companies operating in the big data, aerospace, communications, cyber, cloud infrastructure, and computerized vision sectors.
State of Mind Ventures Headquarter Location
Ha-Menofim Street 1
Latest State of Mind Ventures News
Apr 1, 2021
Israeli DataOps platform Rivery raised $16 million in a new financing round led by Entree Capital and existing investor State Of Mind Ventures (SOMV), the company announced on Tuesday. Rivery is a SaaS data management platform that gives companies control over their organizational data through the ingestion, transformation, and orchestration of data processes. Launched in 2019, the company has grown rapidly and added hundreds of customers, seeing significant growth enterprise companies like Bayer, American Cancer Society, and WalkMe. The new funding round will be used to accelerate growth across business and R&D teams. The company plans to triple in size globally, and there are currently 60 open positions to be filled in 2021. Rivery’s innovative approach to DataOps and data management incorporates automation and actionable logic into the traditional data ETL/ELT (extract, transform, and load) processes. Rivery’s quick deployment and centralized data management, coupled with its features such as the ability to instantly create and replicate data models via ready-built kits. Rivery also empowers companies to create custom data connections that run alongside standard out-of-the-box data pipelines saving significant time and cost for both deployment and ongoing use. “This new round of funding is an exciting milestone for Rivery, and validation that the massive cloud data industry is looking for a centralized DataOps platform. The Rivery DataOps platform is empowering companies to centralize, control, automate, and orchestrate all of their data flows – in the cloud,” said Itamar Ben Hemo, co-founder and CEO of Rivery. “Rivery is bringing a fresh approach to an old problem – how to move and transform data. The team has built a platform that companies not only love, but also trust to make a core part of their technology stack. We are excited to partner with Rivery and help the company achieve its vision,” Avi Eyal, co-founder and Managing Partner at Entrée Capital added.
State of Mind Ventures Team
3 Team Members
State of Mind Ventures has 3 team members, including current Managing Partner, Pinhas Buchris.