Microsoft invests in enterprise mobility startup SkyGiraffe
Microsoft Ventures, the software giant's newly formed investment arm, has made its first bet on startup SkyGiraffe, whose platform securely extends on-premise enterprise data and apps directly to mobile devices. The total amount of the strategic investment was not disclosed. Privately held SkyGiraffe previously raised seed funding from 500 Startups and angel investors.
SkyGiraffe, founded in Tel Aviv in February 2012 by CEO Boaz Hecht and vice president of research and development Itay Braun, promises to increase workforce productivity by delivering secure access to live data like sales, finance, inventory and operational information. Its customizable mobile platform is implemented across an organization. Job-specific mobile apps are built directly from one or many enterprise systems, with the capability to both read and write-back live data to the company's systems. All native apps are optimized for both iOS and Android devices to eliminate implementation and compatibility issues.
"We provide the tools that make it exceptionally easy for businesses to perform at their best, anywhere and at any time," Hecht said. "We are thrilled to work closely with the team at Microsoft Ventures to bring our services to customers around the world." SkyGiraffe initiated its relationship with Microsoft via Redmond's BizSpark program--which offers free and reduced-cost access to Microsoft software and services--and was later accepted into the Microsoft Ventures Accelerator in Israel.
Microsoft Ventures launched this past June. "At a minimum, applying companies must have a full-time founding team, a bold vision for tackling a real problem, technologically driven solutions and less than $1 million raised," Rahul Sood, general manager of Microsoft Startups, said at that time. "The accelerators provide access to business mentors, technical and design experts, development tools and key resources to help entrepreneurs take the early steps toward turning their ideas into businesses."
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