Robert Bosch Venture Capital Joins SOMV and N1V to Complete Seed Round of Israeli AI-based IoT Malfunction Prevention Startup, Veego.
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June 27, 2019Veego, the developer of breakthrough AI-based IoT malfunction prevention, completes Seed Funding with the addition of Robert Bosch Venture Capital GmbH (RBVC), joining North First Ventures (N1V) and State of Mind Ventures (SOMV).
RAMAT GAN, Israel, May 21, 2019 /PRNewswire/ — Israeli startup, Veego, the developer of breakthrough artificial intelligence technology for eliminating malfunctions in the connected home, has completed its Seed Funding with the addition of Robert Bosch Venture Capital GmbH (RBVC), the venture arm of the Bosch Group. RBVC joins State of Mind Ventures (SOMV) and North First Ventures (N1V) to enable Veego to deliver innovative products to the rapidly growing connected-home industry.
“We welcome our newest strategic partner, RBVC, who, along with our original investors, SOMV and N1V, endow us with the financial and strategic backing and trust to create a major disruption in the support of the complex IoT ecosystem in millions of connected homes,” stated Veego CEO, Amir Kotler.