WaveBL Team (company pic)
WaveBL, an Israeli startup that offers services for providing electronic Bills, raised $26 million in its latest funding round which was led by NewRoad Capital Partners. And Onebeat, an Israeli startup that offers tech to help retailers analyze and understand their customers in real-time using AI and big data tools, raised $10 million in a Series B round of funding led by Magenta Venture Partners.
Founded in 2018 by Dr. Yishai Ashlag and Avihai Shnabel, Onebeat is a software company that develops and implements advanced Retail solutions globally. Onebeat’s innovative and consumer-centric algorithms identify consumer patterns and market trends in real-time, helping retailers adjust their operations to changing realities in the market.
Retailers are most concerned with moving inventory. Being left with unwanted goods that need to be unloaded at a loss is a retailer’s worst nightmare. And you never want to waste space in your warehouse or on the shop floor that could be better used. This is where a startup like Onbeat comes into play.
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Founded in 2015 and led by former technological leaders and experts from the Israel Defense Forces, WaveBL is a digital platform using proprietary blockchain technology to transfer electronically trade documents. The company says that its solution enables the “instant, encrypted, and authenticated” transfer of electronic Bills of Lading and related trade documents. The platform complies with universal processes and regulations in use. The platform is designed to meet the needs of all parties involved in trade, including shipping companies, agents, brokers, and banks. WaveBL says it has strong alliances with leading companies in global trade to drive faster digitalization and adoption.
“Our goal is to streamline, speed up and reduce the cost of global commerce by breaking the trade industry’s paper addiction,” stated Noam Rosenfeld, CEO of WaveBL. “We offer blockchain technology as the new gold standard for trust between trade partners, a game changer for international trade. The investment will be used to expedite our growth by increasing our employee base, primarily in sales, marketing, and R&D.”
