Ascend Technology Ventures

Ascend Technology Ventures is a venture capital fund based in Ramat Gan, Israel, established in 1998. The firm focuses on investing in early-stage, high-growth companies that are developing innovative technologies across various sectors, including communications, internet and internet infrastructure, software, semiconductors, and medical devices. With a capital base of $100 million, Ascend Technology Ventures seeks to support promising startups that demonstrate potential for significant impact and growth in their respective fields.

Moshe Bar-Niv

General Partner, Owner and Co-Founder

Avner Shelem

Co-Founder and General Partner

17 past transactions

Breach Security

Venture Round in 2009
Breach Security, Inc., founded in 2004, was a prominent provider of real-time web application integrity and security solutions designed to safeguard sensitive web-based information. The company specialized in protecting web applications from hacking attacks and data leakage, ensuring that applications functioned correctly and securely. Breach Security's product offerings included WebDefend, a web application security software tailored for large organizations, and ModSecurity Pro M1100, an appliance aimed at small to medium-sized businesses. Additionally, the company provided security solutions such as web application firewalls and the WebDefend Global Event Manager, a platform that addressed global application security threats. Breach Security was later acquired by Trustwave Holdings, Inc.

Mogreet

Series A in 2007
Mogreet, founded in 2006 and acquired by payvia in 2013, is a leading provider of text message marketing platforms specializing in the delivery of rich media content to mobile devices via Multimedia Messaging Service (MMS). The company serves prominent marketers across various industries, including entertainment, media, retail, consumer products, healthcare, and real estate. Mogreet's platform supports operations in over 175 countries, enabling it to reach approximately 2 billion consumers globally. In 2013, the company introduced Mogreet Express, a self-service MMS text messaging platform designed for small businesses to engage with customers and boost sales through multimedia-rich messages. Additionally, Mogreet offers APIs that allow developers to integrate SMS or MMS messaging capabilities into their applications. Originally starting as a mobile greetings company in Venice, California, Mogreet evolved into a robust mobile messaging platform capable of sending high-quality video, images, audio, and social media content via MMS.

Provigent

Series D in 2007
Provigent Inc. is a fabless semiconductor company specializing in system-on-a-chip (SoC) solutions for fixed wireless networks, private wireless networks, and cellular infrastructure markets. Founded in 2000 and headquartered in Santa Clara, California, the company develops a range of products, including the PVG610 SoC for broadband wireless transmission systems and the PVG610X SoC, which enables the transmission and reception of two orthogonally polarized signals at the same RF carrier frequency. Additionally, Provigent offers the PVG310, which integrates baseband functionality for point-to-point broadband wireless systems. The company also provides development kits, such as the PVG9610, to support the creation of systems based on its SoCs, as well as the PVG350MDK modem development kit for wireless point-to-point applications. Provigent's products are utilized in various applications, including cellular/WiMAX backhaul networks and fixed wireless transmission, contributing to enhanced internet connectivity solutions.

Glucon

Series D in 2007
Glucon is a development stage company developing glucose monitoring devices for the diabetes market. The Glucon devices will provide continuous, accurate, and real-time glucose monitoring, for clinical and personal use. Glucon devices are based on a novel Photoacoustic (optical and sound-based) technology protected by several granted and pending patents, and intended to be incorporated into a small, conveniently wearable instrument (the Personal Device). The company has shown that Photoacoustics, a unique combinatorial technology, is superior to optics alone, as it attains blood glucose measurements directly from inside the blood vessels and is an improved method both for specificity (identification) and sensitivity (detection of level changes) of the glucose measurement. The company’s desktop prototype device is currently undergoing extensive clinical trials.

Intellinx

Series A in 2006
Intellinx Ltd. is a company specializing in behavior tracking solutions, offering a software product known as Intellinx that monitors end-user activity across various internal business applications, including legacy systems. The software is designed to address insider threats, ensure compliance with government regulations, and maintain a forensic audit trail of authorized user activities. It also aids in managing operational risks and tracking service availability and performance. Intellinx serves sectors such as finance, government, healthcare, and utilities. The company markets its products both directly and through its U.S.-based subsidiary, Intellinx Software, Inc., along with a network of distributors and partners spanning North America, Latin America, Europe, South Africa, and the Asia-Pacific region. Founded in 2005 and headquartered in Or-Yehuda, Israel, Intellinx Ltd. was previously a subsidiary of Software AG Israel.

NextNine

Series C in 2006
NextNine Ltd. is a developer of operational technology security management software, specializing in solutions for industrial and critical infrastructure sectors. Founded in 1998 and based in New York, the company offers a comprehensive platform that enables centralized security management for SCADA and ICS environments, addressing the unique vulnerabilities of these systems to cyber security threats. NextNine's software is designed to protect multi-site remote field assets and facilitate remote maintenance and support, which are critical in industries such as oil, gas, mining, chemicals, energy, manufacturing, and defense. The company has established itself as a leader in the OT security space, with over 6,000 installations globally and recognition for its contributions to improving critical infrastructure cyber security. NextNine has received ISO/IEC 27001:2013 certification, demonstrating its commitment to managing information security risks effectively. Formerly known as RTview Ltd., the company has been a subsidiary of Honeywell International Inc. since 2017.

SintecMedia

Series C in 2006
SintecMedia Ltd. engages in the design and implementation of management systems for the broadcast, cable, and satellite industries. It offers OnAir, a broadcast management system, which manages airtime sales, traffic, programming, and promotion campaigns. The company also provides system configuration, data migration, training, integration, support and maintenance, and project management services. Its product is used in various networks in North America, Europe, and Asia. The company was founded in 2000 and is based in New York, New York with additional offices in Denver, Toronto, London, and Jerusalem. SintecMedia Ltd. is a former subsidiary of Sintec Advanced Technologies, Ltd.

Provigent

Series C in 2005
Provigent Inc. is a fabless semiconductor company specializing in system-on-a-chip (SoC) solutions for fixed wireless networks, private wireless networks, and cellular infrastructure markets. Founded in 2000 and headquartered in Santa Clara, California, the company develops a range of products, including the PVG610 SoC for broadband wireless transmission systems and the PVG610X SoC, which enables the transmission and reception of two orthogonally polarized signals at the same RF carrier frequency. Additionally, Provigent offers the PVG310, which integrates baseband functionality for point-to-point broadband wireless systems. The company also provides development kits, such as the PVG9610, to support the creation of systems based on its SoCs, as well as the PVG350MDK modem development kit for wireless point-to-point applications. Provigent's products are utilized in various applications, including cellular/WiMAX backhaul networks and fixed wireless transmission, contributing to enhanced internet connectivity solutions.

NextNine

Venture Round in 2005
NextNine Ltd. is a developer of operational technology security management software, specializing in solutions for industrial and critical infrastructure sectors. Founded in 1998 and based in New York, the company offers a comprehensive platform that enables centralized security management for SCADA and ICS environments, addressing the unique vulnerabilities of these systems to cyber security threats. NextNine's software is designed to protect multi-site remote field assets and facilitate remote maintenance and support, which are critical in industries such as oil, gas, mining, chemicals, energy, manufacturing, and defense. The company has established itself as a leader in the OT security space, with over 6,000 installations globally and recognition for its contributions to improving critical infrastructure cyber security. NextNine has received ISO/IEC 27001:2013 certification, demonstrating its commitment to managing information security risks effectively. Formerly known as RTview Ltd., the company has been a subsidiary of Honeywell International Inc. since 2017.

Provigent

Series C in 2004
Provigent Inc. is a fabless semiconductor company specializing in system-on-a-chip (SoC) solutions for fixed wireless networks, private wireless networks, and cellular infrastructure markets. Founded in 2000 and headquartered in Santa Clara, California, the company develops a range of products, including the PVG610 SoC for broadband wireless transmission systems and the PVG610X SoC, which enables the transmission and reception of two orthogonally polarized signals at the same RF carrier frequency. Additionally, Provigent offers the PVG310, which integrates baseband functionality for point-to-point broadband wireless systems. The company also provides development kits, such as the PVG9610, to support the creation of systems based on its SoCs, as well as the PVG350MDK modem development kit for wireless point-to-point applications. Provigent's products are utilized in various applications, including cellular/WiMAX backhaul networks and fixed wireless transmission, contributing to enhanced internet connectivity solutions.

Breach Security

Series A in 2004
Breach Security, Inc., founded in 2004, was a prominent provider of real-time web application integrity and security solutions designed to safeguard sensitive web-based information. The company specialized in protecting web applications from hacking attacks and data leakage, ensuring that applications functioned correctly and securely. Breach Security's product offerings included WebDefend, a web application security software tailored for large organizations, and ModSecurity Pro M1100, an appliance aimed at small to medium-sized businesses. Additionally, the company provided security solutions such as web application firewalls and the WebDefend Global Event Manager, a platform that addressed global application security threats. Breach Security was later acquired by Trustwave Holdings, Inc.

The NewsMarket

Series B in 2004
The NewsMarket, Inc. is a web-based video marketing and distribution platform that connects brands, government agencies, and non-profit organizations to international media. Founded in 2000 and headquartered in New York, the company offers a diverse range of content including videos, audios, and images across various categories such as aerospace, automotive, education, entertainment, health care, and technology. The platform enables clients to effectively market and share their video content with media outlets, blogs, and online communities, thereby extending the reach of their messages. In addition to content distribution, The NewsMarket specializes in managing online newsrooms and delivering live interviews and event broadcasts. With a global presence that includes offices in cities such as Beijing, London, and Singapore, The NewsMarket has positioned itself as a key player in the digital marketing landscape.

Atrica

Series D in 2003
Atrica is a provider of carrier Ethernet solutions designed for metropolitan area networks. The company specializes in manufacturing carrier Ethernet core, aggregation, and edge switches, along with a service platform for Ethernet networks. Atrica's offerings extend to various Ethernet services, including Ethernet Internet access, Ethernet transparent LAN, T1 private line, Ethernet private line, and Ethernet private network services. The company's technology supports a diverse clientele, including incumbent local service providers, competitive carriers, cable operators, and enterprises, enabling them to enhance their telecommunications capabilities and deliver broadband services to both business and residential customers.

Gilian Technologies

Series C in 2003
Gilian Technologies a global technology leader in web security, arms businesses against the critical epidemic of website vandalism and sabotage. Gilian's G-Server is an ExitControl solution that keeps web sites accurate and available regardless of the origin of a security breach.

Sagitta

Series B in 2002
Sagitta Ltd. is a technology-based equipment supplier for the fiber optics and semiconductor industries. A core holding of patented technologies in precision automation, machine vision and sub micron polishing has led to the introduction of multiple systems into these markets. The company has introduced the Gemini product series, a platform first in the fiber optics market to integrate the processes of polishing, cleaning and optical metrology on a single platform. Already a leader in failure analysis equipment for the semiconductor and media fields, Sagitta provides an award-winning suite of sample preparation tools used for cross sectional, SEM or TEM semiconductor inspection.

SintecMedia

Series B in 2002
SintecMedia Ltd. engages in the design and implementation of management systems for the broadcast, cable, and satellite industries. It offers OnAir, a broadcast management system, which manages airtime sales, traffic, programming, and promotion campaigns. The company also provides system configuration, data migration, training, integration, support and maintenance, and project management services. Its product is used in various networks in North America, Europe, and Asia. The company was founded in 2000 and is based in New York, New York with additional offices in Denver, Toronto, London, and Jerusalem. SintecMedia Ltd. is a former subsidiary of Sintec Advanced Technologies, Ltd.

CanFite BioPharma

Venture Round in 2002
Can-Fite BioPharma is an Israeli biopharmaceutical company engaged in the discovery and clinical development of therapeutics for cancer and inflammatory diseases. The company specializes in developing orally bioavailable small molecule drugs that target the A3 adenosine receptor (A3AR). Can-Fite's lead drug candidate, Piclidenoson, is currently in a Phase III trial aimed at treating psoriasis. Additionally, Namodenoson, another key product, is advancing into a Phase III trial for hepatocellular carcinoma, the most prevalent form of liver cancer, and is also undergoing a Phase IIb trial for non-alcoholic steatohepatitis. With a robust pipeline of proprietary compounds in advanced clinical stages, Can-Fite is focused on addressing significant unmet medical needs in autoimmune-inflammatory conditions and cancer.
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