Together since 2007

Transforming money management to make financial markets accessible to all

Acquired since 2021

Enabling the human right of mobility to all

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Introducing Zero Trust mechanisms for a truly sale environment

Acquired since 1994

Introduced cyber security to the mass business market

Together since 2010

Harnessing the power of artificial vision to transform the lives of visually impaired

Together since 2020

Digital Learning Platform designed to optimize student engagement and learning outcome

Together since 2019

AI-driven end-to-end Fix & Flip platform

Together since 2021

First drone delivery service focused in the US suburbs.

Acquired by DG 2007

Global provider of digital advertising solutions that optimize the use of media, creative and data for enhanced performance.

Together since 2010

Leading investment house in Israel, managing over 77 Billion Dollars for private, business and institutional clients

Together since 2016

Developing and commercializing novel endovascular treatments for stroke

Together since 2012

Developing percutaneous implantable technologies for patients with chronic heart failure

Start-Up Whale Communications of BRM Group Raises $23 Mln

By Ella Jacoby

Globes, April 2, 2000

Start-up company Whale Communications of the BRM group has raised $23 million in a private placement. The company’s value for the financing round was not disclosed, but is estimated at $100 million, after money. This is Whale’s second financing round.

Whale provides a secure communications platform for protecting access via the Internet to critical business applications. The capital raised in the financing round will be used to expand the company’s marketing network and support the company’s US headquarters.

Whale was founded in November 1998 by Elad Baron (CEO) and Daniel Steiner (president). In the past, the two set up Softlink. In July 1999, Whale conducted a financing round from the BRM group. Investment bank Goldman Sachs, the Soros fund, and the BRM group led the round. Other participants included US information security company Network Associates, investment bank Dain Rauscher Wessels, and private investors.

Whale’s system enables companies to offer external users online access to an organization’s internal network. In this way, a company can offer its customers various services, such as e-commerce, customer management, billing management and online banking.

The Whale system offers an information security solution, enabling the prevention or detection of penetration into an organization’s internal network. The system maintains a physical barrier between a company’s internal and external networks, using designated hardware installed between the Internet and the company’s internal network.

Network Associates is one of the world’s leading providers of security and access solutions to companies operating in an Internet environment. BRM is an investment company focusing on Israeli companies at the seed or later stages, operating in the Internet infrastructures sector. BRM also invested in CheckPoint, BackWeb, IPHighway, and Brio Technologies.

Published by Israel’s Business Arena on 2 April, 2000