Israeli IoT startup Seebo raises $8.5 million in Series A funding

Seebo, an internet of things development startup based in Israel, has raised $8.5 million in a Series A funding round led by Carmel Ventures.

TPY Capital, a previous investor, also participated in the funding while Ori Bendori, a general partner at Carmel Ventures, will be joining Seebo’s board of directors.

Seebo already has an office in San Francisco and says it will be using the funds to expand its presence there as well as growing its client base. It also has an office in Shenzhen, China.

The startup builds tools for the development and production of smart products such as health tracking devices, smart home items, and children’s toys.

“Introducing a smart, IoT-connected product to the market today is a long, costly and complicated process, often times leaving even the most motivated product teams frustrated and well over budget,” said Seebo CEO and co-founder Lior Akavia. “Seebo allows any product team to easily transform innovation to creation and focus on what will drive value for their customers.”