WorkLight: 12 Million Dollar in Series B Round Financing Led by Pitango Venture Capital

Israel's Largest VC Joins Genesis Partners, Index Ventures and Shlomo Kramer

(16.05.08) - WorkLight Inc. announced that it has closed a series B round of funding totaling 12 million Dollar led by Pitango Venture Capital, Israel’s largest VC. The company’s second round of financing also represents a renewed commitment from Genesis Partners, Index Ventures and Shlomo Kramer, a world renowned security expert and Imperva CEO.

Proceeds from WorkLight’s series B round funding will be used to further expand its presence in North America, Europe and Asia, substantiating the company’s vision for the consumerized workplace. As the world of the consumer blurs with that of workplace, corporations worldwide increasingly rely on popular internet tools, such as personalized homepages (iGoogle, Netvibes, etc.), social networks (like Facebook), desktop widgets and gadgets, social bookmarking, RSS and other Web 2.0 platforms and services, to get things done at work. Since its inception in 2006, WorkLight has pioneered the secure use of consumer technologies as business tools, enhancing employee productivity and fostering collaboration inside and outside the organization.

"The Enterprise 2.0 space is one of the hottest technology markets on the current investment landscape, so it was only natural that we connected with the pioneer in the industry," said Rona Segev, General Partner at Pitango Venture Capital, who joins the company’s Board. "WorkLight’s founders, Shahar Kaminitz and Yuval Tarsi, are leading a superior team of professionals; this is one of the best teams currently operating in the enterprise software industry in Israel. We couldn’t ask for a better opportunity to invest in this burgeoning market."

WorkLight was founded in 2006 by CEO Shahar Kaminitz and CTO Yuval Tarsi with an initial round of funding from Genesis Partners, Index Ventures and Shlomo Kramer totaling 5.1 million Dollar. The company’s flagship solution is a server-based software product that allows companies to leverage consumer tools such as RSS, iGoogle and Facebook behind the corporate firewall, working with internal IT controls for completely secure use by enterprise employees. Most recently the company announced Workbook, a secure Facebook overlay that enables collaboration, access to enterprise applications and knowledge sharing using the popular social networking application. (WorkLight: ra)