Qualisystems Raises NIS 9 Million from Gemini, Evergreen

QualiSystems Ltd. has raised NIS 9 million from its current investors, Gemini Israel Ventures and Evergreen Venture Partners. Also joining in this round were Fishman Holdings, Altshuler Shaham Ltd. and Strauss Investments Ltd. 


The company has raised NIS 31 million in the past two years, after raising $12 million in 2005-07. In total, Qualisystems has raised $24 million since it was founded in 2003. Lior Koriat is the company's CEO, while its honorary president is Mercury Interactive founder Aryeh Finegold. The company develops test automation and laboratory management systems for hardware-based components, with a focus on computer infrastructures for server farms and data centers.


In a statement today, QualiSystems said that the investment was based on its 50% revenue growth and number of customers in 2012. The company will use the proceeds to expand its operations in the US and enterprise data center solutions.