Some 350 investors and high-tech entrepreneurs attended the inaugural Spot On event by Microsoft Accelerator in Tel Aviv on January 18, at which 11 companies presented innovative solutions for the digital revolution in traditional industries.
To date, Microsoft Accelerator has hosted eight Demo Days. This was the first event at which Series A companies presented. Each of the 11 startups gave a two-minute pitch, in the hope of garnering further investments and interest.
“I’m thrilled to inaugurate the first Spot On event in which we focus on companies with existing products with an international reach,” says Navot Volk, managing director of Microsoft Ventures Israel.
The 11 companies that took part in the recent fourth-month accelerator program raised $18 million so far.
The companies included AIdoc, which is building a platform for radiologists to improve the process of analyzing medical scans; Equalum, an end-to-end stream processing platform that enables companies to perform real-time analytics and gain real-time, actionable insights; Guardian, which developed an optical sensor for the Automotive industry; InSoundz, which uses patented audio-tracking tech for events; cybersecurity outfit Fenror7, which uses Lateral Movement Detection (LMD); Loom Systems, which delivers advanced AI solutions to predict and prevent problems in digital businesses; cloud computing’s N2W, which makes a Cloud Protection Manager; NooBaa, which develops a software-defined-storage (SDS) solution; cybersecurity’s Solebit, which disrupts targeted attacks and malware delivery by blocking data streams; and Tonkean, which offers a management tool for managers.