What is Veego?
The Veego Data Platform is engineered to continuously measure user engagements with web-based devices and services, thereby enhancing the overall internet user experience in connected homes. The company provides crucial visibility, scoring, and assessments that rank the quality of experience relative to the service being consumed and its specific connectivity requirements. Founded in 2018 and headquartered in Ramat Gan, Israel, Veego operates within the burgeoning market of connected home technology and data analytics, aiming to provide actionable insights for service providers and device manufacturers.
How much funding has Veego raised?
Veego has raised a total of $13M across 1 funding round:
Series A
$13M
Series A (2021): $13M with participation from Amdocs Ventures, Rbvc, State of Mind Ventures, Magenta Venture Partners, and North First Ventures
Key Investors in Veego
Amdocs Ventures
Amdocs Ventures is an investment arm that likely focuses on companies within the telecommunications and technology sectors, aligning with Amdocs' core business.
Rbvc
Robert Bosch Venture Capital GmbH (RBVC) is a venture capital firm that invests worldwide in innovative start-up companies at all stages of their development, with a strong focus on technology and industrial applications.
State of Mind Ventures
State of Mind Ventures is a venture capital fund specializing in seed and early growth stage investments, focusing on empowering innovative teams and ambitious founders in their pursuit of hyper growth.
What's next for Veego?
With the recent major strategic investment and a substantial total funding amount, Veego is poised for accelerated growth and market expansion. This enterprise-level funding is expected to fuel further development of its data platform, enhance its analytical capabilities, and broaden its reach into new markets. The company's focus on quality of experience in the connected home positions it strategically to capitalize on the increasing complexity and interconnectedness of smart devices, suggesting a trajectory towards scaling its operations and solidifying its market leadership.
See full Veego company page
