bananaz, a Tel Aviv, Israel-based design change management platform for R&D and engineering teams, has emerged from stealth mode with $5.3 million in seed funding.
Investors
The investment was made by 10D and Cardumen Capital.
Founded in 2018, 10D is a venture capital firm based in Tel Aviv, Israel. The firm focuses on investing in early-stage Seed and Series A rounds in digital health and fintech startups.
Cardumen Capital invests in seed to early-stage companies in the software, AI, and SaaS industries, with a geographical focus on Israel and the United States. Founded in 2017, it is also based in Tel Aviv, Israel.
bananaz Use of Funds
The investment will help scale bananaz’s AI-powered solutions, streamlining workflows and reducing inefficiencies in engineering teams’ design processes.
About bananaz
bananaz provides an AI-based platform designed to transform the way companies manage design changes with its AI copilot and comparison tools. By leveraging advanced AI and computer vision technologies, bananaz automates the most time-consuming aspects of the design process, from initial concept to final delivery. The platform enables engineering teams to reduce errors, improve collaboration, and streamline workflows while ensuring data security.
Funding Details
Company: Bananaz.ai Ltd.
Raised: $5.3M
Round: Seed Round
Funding Date: December 2024
Lead Investors: 10D, Cardumen Capital
Additional Investors:
Company Website: https://www.bananaz.ai
Software Category: Design Change Management
Source: https://www.prnewswire.com/news-releases/bananaz-exits-stealth-with-5-3m-seed-funding-to-bring-ai-into-the-world-of-change-management-in-design-and-manufacturing-302321033.html