It’s been a busy and exciting few weeks at Seebo, capped by two very exciting announcements that have garnered international coverage.

Here’s a summary of the key highlights.

Seebo’s latest funding round

Most recently, Seebo announced our latest funding round, led by Ofek Ventures, together with Vertex Ventures, Viola Ventures and TPY Capital.

That announcement generated significant interest, at a time when manufacturers are working harder than ever to optimize their production processes — particularly in the food industry (see our recent paper “Moving Manufacturing From Crisis to Competitive Edge” for more on that topic.)

Or, to quote a recent interview around that announcement with Seebo CEO and Co-Founder Lior Akavia in FoodNavigator:

Companies are not only looking to cut losses, increase efficiency, and improve their financials… they are also under pressure to maintain supply in he face of unprecedented spikes in demand. “For quite a few of our manufacturers, demand for their food products increased in the dozens of percentages after COVID-19 started,”…

Manufacturers were left with two choices: to either build new production lines to meet demand — but “this takes years” and “huge investments”, said Akavia — or optimise their processes, which can “quickly translate into increased capacity.”

Other publications which covered the funding announcement included industry and tech sites like VentureBeat, FoodProcessing.com, Bakeryandsnacks.com, and innovator.news, as well as several Israeli business and tech sites, including Globes, Calcalist and NoCamels.com

Seebo was also featured a ”

Seebo Selected by the World Economic Forum

Another recent, exciting announcement was Seebo’s selection as a World Economic Forum “Technology Pioneer”, for its contribution to the fields of Advanced Manufacturing and Industrial Artificial Intelligence.

As noted in our press release:

This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community.

Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

News of Seebo’s selection, among a handful of other Israeli tech startups, was featured extensively in the Israeli press, spanning national, business and technology publications — including the Jerusalem Post, The Times of Israel, Calcalist, NoCamels.com, Israel21C and more.

With the ongoing COVID-19 crisis, the manufacturing industry stands at a pivotal crossroads. Download our free guide to learn how manufacturers can move from crisis management, to building a long-term competitive edge: