Poor Exit: ScaleMP was recently sold to SAP for a small amount and much lower than invested in
Posted on Jun 4, 2021 by Ifi Reporter
The startup company ScaleMP was recently sold to SAP for a small amount and much lower than what has been invested in it so far. This is a failure of a start-up company that aimed for much higher amounts, a move that did not succeed.
Scale MP is a relatively old company in the startup market. It was founded in 2003 by Shay Poltheim and Rabbi Zlotogorsky, and engaged in the optimization and acceleration of computer resources through virtualization, ie running several machines on one computer.
Over the years, the company has raised a total of about $ 36 million when the last round was raised in August 2017, when the company raised $ 10 million led by Leumi Partners. Over the years, the company has also invested in the following funds: Sequoia Israel, Lightspeed Israel, ABS Venture, Aviv VC, and TL Ventures and Evolution, as well as the private investors: Dan Barnea, Yehiam Yemini, Amiram Levinberg, Rami Lipman.
At the last recruitment, Yaron Bloch, then CEO of Leumi Partners, said: "ScaleMP is a growing and leading company in its field and its activity is expected to continue to grow thanks to agreements with recently signed manufacturers and additional contracts that are expected to be implemented in the near future.
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