The Israeli Salto raised $ 27 million


Salto, founded by Rami Tamir, Benny Schneider and Gil Hopper, has completed a first round of raising $ 27 million, led by the Bessemer Venture Fund. Bytners, the Lightspeed Ventures fund and the investment arm of Salesforce Ventures.

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In the business world today more and more organizations are relying on a growing number of business platforms to manage their business operation such as Salesforce Customer Relationship Management System, Hub Automated Marketing SystemSpot, The NetSuite financial management system and more. The success of the companies is increasingly related to the ability to keep these systems up to date and in sync with the changing and growing operating needs of the company. This is a challenge that becomes more difficult with the growth of companies, because the existing processes are outdated, consume a lot of resources, are prone to mistakes and are not effective in general.

This is the challenge that entrepreneurs Rami Tamir, Benny Schneider and Gil Hopper decided to solve with the establishment of the Salto company. Following past successes with Pentacom (acquired by Cisco), Qumranet (acquired by Red Hat) and Ravello Systems (acquired by Oracle), the three set up Salto with the goal of fundamentally changing the way companies manage configuration processes In their business platforms. The company was established in early 2019 and employs 30 people in Tel Aviv along with a number of workers in the United States.

“We understand that the teams responsible for business operations in companies today experience problems very similar to the problems that development teams and DevOps people experience on a daily basis,” says Rami Tamir, CEO and co-founder of Salto. “We have adopted and adapted principles and methods from the field of software development to the field of business operations. The same techniques used to develop quality software can also be applied to the needs of management and control of business platforms.

Rami Tamir Benny Schneider and Gil Hopper. Salto Company Photo: Doron Letzer

Along with launching a product, Salto also offers its solution in an open source version. We imagine an ecosystem that does not require users to use only the Salto solution. “Like what is happening in other open source projects, we anticipate the development of a thriving developing community that will add integrations, solutions for their own use, and share them back with the community,” says Tamir.

“The ability to move and respond quickly is very important in today’s business world,” added Alex Kiel, partner and international head of Salesforce Ventures. Business operations teams are becoming increasingly vital to companies. Salto provides those teams with modern methodologies and a wide and rich toolbox to enable them to succeed in their missions. ‘

We decided to focus on the business activities of the organization and connect all the parts that define the business systems of the organization CRM Financial Marketing and HR. The systems of SAP and Salesforce used to come from one supplier like Oracle or SAP, but today they can be obtained from all kinds of companies, “explained Benny Schneider, one of the entrepreneurs, president and chairman of the company.

“In the past, software updates happened twice a year. Today, software updates happen several times a day and the change requires unfamiliar methodologies. The software development revolution has moved to infrastructure and we want to transfer it to business systems.”

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