Israeli vendor intelligence startup, Entrio, extended its recent Seed funding round to $11 million. The extension includes new investments from American Family Ventures, Fin Capital, and Selah Ventures, alongside existing investor Alicorn.
Entrio’s platform provides intelligence on an organization’s technology stack, enabling banks and financial institutions to maps and categorizes all third-party solutions. The platform provides enterprises with the tools for managing and optimizing vast vendor stacks, promoting efficiency and cost reduction.
Founded by Avi Cohen, Gil Devora, and Moises Cohen in 2021, Entrio is chaired by Elisha Wiesel, former CIO of Goldman Sachs. Their initial Seed funding round totalled $7.5 million, led by Communitas Capital Partners, with participation from BNY Mellon, Vintage Investment Partners, Alicorn, and Elisha Wiesel.
Entrio is ISO-27001 certified, SOC-2 ready, and collaborates with large global banks.