Machine Learning Startup Octopai Raises $4.5 Million

On Monday, Israel-based metadata management startup Octopai B.I. Ltd. announced it had raised $4.5 million in a Series A funding round.

The round was led by Israel-linked venture capital firm North First Ventures wiht participation from Israel-based venture capital firms iAngels Crowd Ltd, US Israel Gefen Capital Management Ltd, as well as existing investors Moneta Seeds Management Company Ltd, and Club100 Plus Communication.

Founded in 2015, Octopai develops a machine learning-based technology that automatically manages and maps metadata collected across a company’s various information systems, using a single searchable interface.

Octopai has 20 employees in offices in Rosh HaAyin, a town in central Israel, and in New York and has raised $5.5 million to date, according to Pitchbook data.

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