Tel Aviv, Israel - Pitango Venture Capital and Index Ventures invested over $6 million in EVOLVEN, the provider of Enlight™, the industry's first Environment Lifecycle Management (ELM) solution.
Enlight automates the entire lifecycle of non-production environments to help organizations significantly cut testing and IT costs, improve quality control and accelerate time-to-market. Enlight brings together the power of progressive automation and the underlying intelligence and knowledge of professional resources, to deliver a complete, end-to-end system based on the foundation of successful testing - the non-production environment.
"This is one of the largest venture seed financing rounds for enterprise IT in several years," says Asaf Landau, EVOLVEN CEO. "Having the backing of some of the world's leading venture capitalists will play an instrumental role in bringing our quality solutions to the marketplace."
The proceeds of the financing round are being used to develop the Enlight product and put into action a go-to-market plan in both the U.S. and Europe.
Pitango Venture Capital is Israel's leading venture capital firm investing in technology entrepreneurs since 1993. With offices in Israel and Silicon Valley, California, Pitango currently manages several venture funds totaling over $1.3 billion in committed capital invested in more than 100 companies.
Index Ventures is a leading European venture capital firm active in technology venture investing since 1996. The firm is dedicated to helping top entrepreneurial teams in the Information Technology and Life Science sectors build their companies into market defining global leaders.
About EVOLVEN Software
EVOLVEN delivers innovative solutions that efficiently manage end-to-end non-production environments and ensure smooth release to production. EVOLVEN's flagship product, Enlight™, is the industry's first Environment Lifecycle Management (ELM) solution, automating the entire lifecycle of non-production environments from design to release into production.
With Enlight's powerful scheduling, on-going change detection, comparison and release validation capabilities, IT managers responsible for non-production environments gain visibility and control that not only cut costs and increase efficiency, but also reduce the risk of production outages, improve quality and accelerate time-to-market.
Founded by former Mercury executives, EVOLVEN is backed by leading venture capital firms, including Pitango (www.pitango.com) and Index Ventures (www.indexventures.com). For more information, please visit www.evolven.com.
