Oracle Selects Israeli Startups for Accelerator Program in Tel Aviv

The multinational firm Oracle has chosen its inaugural class of startup participants in its new six-month Oracle Startup Cloud Accelerator program in Tel Aviv.

Run by members of Oracle’s R&D team, the Oracle Startup Cloud Accelerator program provides mentoring from technical and business experts, state-of-the-art technology, a co-working space, and access to Oracle customers, partners and investors, as well as startup peers from the other Oracle Cloud Accelerator programs in Bangalore, Bristol, Delhi–NCR, Mumbai, Paris, São Paulo and Singapore.

Selected from hundreds of applicants, the five Israeli startups in the initial class are: 3DSignals, a predictive maintenance solution that analyzes the sounds emanating from machines and alerts when they are about to malfunction; Nsof Networks, whose Cloud Native Network-as-a-Service delivers global networking infrastructure as a service to enterprise IT organizations; Bonobo, an AI platform that captures and analyzes all textual and conversational data produced by organizations, producing real-time actionable insights; Zoomin, an enterprise SaaS company that disrupts the way customers interact with product documentation; and Toonimo, a smart audio-visual guidance platform that simplifies online service or processes to create a better customer experience and increased ROI.

“We were thrilled with the initial response from the local startup community — all tremendously tenacious and all addressing big global opportunities. We look forward to working with the five innovative, talented startups in our inaugural class,” said Reggie Bradford, Senior Vice President of Oracle’s Startup Ecosystem and Accelerator.

“The Israeli startup ecosystem is one of the most mature and advanced ecosystems when it comes to building cutting-edge technology. Oracle’s resources and global customer base will play a role in scaling these startups in the enterprise space and bridge the physical gap between the Israeli entrepreneurs and their target market,” said Noam Inbar, Tel Aviv Head of Oracle’s Startup Ecosystem.

(via Israel21c)

[Photo: Israel21C]