Entrio extends funding round to $11 million
Israeli startup Entrio has extended its recent funding round to $11 million, welcoming new investors American Family Ventures, Fin Capital, and Selah Ventures with additional support from existing investor Alicorn.
Founded in 2021, Entrio helps companies manage and monitor their software stack. The platform continuously maps all third-party solutions, including where they are used and how they are used. It categorizes their capabilities, compares them to other solutions in the market, and provides up-to-date market intelligence on vendors and solutions.
“We’ve been fortunate to quickly achieve a strong track record with some of the world’s top tier banks. This investment allows us to continue our momentum into the broader financial industry, so insurance companies can become more agile and thrive in a world of constant change. Today’s announcement also underscores the resilience of Israeli tech and our commitment to growing our global team.” – Avi Cohen, co-founder & CEO of Entrio.
“Tech stack optimization is a leading priority for companies today, especially those operating in complex, regulated industries like insurance. Entrio helps organizations dynamically understand what they have, how it’s being used, and what value it provides. We’re excited about how this view can help organizations reduce costs, mitigate risk, and ultimately allocate dollars to solutions that will drive the most business value.” – Brittany Clements, American Family Ventures managing director.