1. The financial round was held at $65 million company
value, after money. NextNine (formerly RTview) develops
remote support systems for embedded computer systems.
Israeli start-up NextNine competed a $20 million financial round at a company value of $65
million, after money. Sector sources stated that the round was led by Morgan Stanley Dean
Witter, with a $10 million investment. Other investors are the Redwood Venture Partners of the
US with $5 million, the Yozma Group and Ofer Technologies.
NextNine (formerly RTview) develops remote support systems for embedded computer systems.
These non-PC products, such as cars, cellular telephones, organizational communications
systems and household appliances have embedded operating systems. NextNine supports 10 of
the most popular of approximately 100 operating systems adopted for the embedded computer
market.
Company CEO Eldad Maniv told “Globes” that the company’s e-support systems product is
scheduled to be completed in Q2 2001. Testing of the company’s previous product has been
carried out by companies such as Nokia, which is in NextNine’s intended markets,
communications and communications infrastructure. “These markets are by their nature online,
so our e-support devices can be used to support them,” said Maniv.
NextNine was founded in 1998 by Maniv and CTO Adi Dulberg. The company raised $4.5
million in seed capital, led by the Yozma Group, the Naiot Technology Center incubator (a joint
enterprise of the Ofer Technology group and the office of the Chief Scientist) and private
investors. The company is headquartered in Cambridge, Massachusetts, and its development
center is in Ramat Gan. 60 staff are employed in Ramat Gan and five in the US.
Published by Israel's Business Arena on 22 January 2001