SAN FRANCISCO, Oct. 21, 2015 /PRNewswire/ -- Rollout, a mobile DevOps company, today announced that it has completed a Series A round of financing to further develop and commercialize the company's SDK, which allows mobile developers to easily and quickly debug, control and fix live apps in real time. The $2 million investment was led by Canaan Partners Israel (CPI) and included participation by existing investors Plus Ventures, 2B Angels and Star Farm Ventures. Izhar Shay, Canaan Partners Israel's Managing General Partner, will join Rollout as a new board member.
The Series A funds will be used to develop additional product features such as launch Android support for the SDK and execute on the company's go-to-market strategy. Rollout is also expanding its presence to the U.S., and has hired NY-based Ophir Prusak as its VP of Marketing.
"CPI forges long term partnerships with entrepreneurs who are passionate about their ideas and diligent on executing their plans," said Izhar Shay, Managing General Partner of Canaan Partners Israel. "Rollout is in a prime position to revolutionize how mobile apps are updated and deployed, which will have profound business implications for the mobile development and operations of almost any company."
Last month, Rollout debuted at TechCrunch Disrupt SF 2015's Startup Battlefield, the world's preeminent startup competition. Rollout's SDK enables mobile developers to instantly push code level updates and bug fixes to live apps in production, which greatly reduces the operational tasks between release cycles and how mobile companies interact with their production environment. The ability to push production changes in real-time, minimizes and prevents negative user experience, bad app store reviews, app uninstalls and lost revenue. Rollout's SDK can be installed in minutes and does not require modifying existing app code nor does it have any performance penalty.
To date, more than 2,000 developers use Rollout in more than 120 apps, running on more than 12 million weekly active devices. Companies using Rollout include, Intuit, Badoo, ask.fm, Glow, and GrabTaxi, among many others.
"We are proud to have the financial backing and partnership of CPI, Plus Ventures, 2B Angels and Star Farm Ventures," said Rollout CEO and Co-founder, Erez Rusovsky. "They have demonstrated their ability to identify companies with revolutionary products and dedicated entrepreneurs, and we're honored to be included as one of their portfolio companies."
"Ophir is a strong asset to our team and we're excited to have him on board to introduce our SDK to the U.S. market," said Eyal Keren, Rollout's CTO and Co-founder.
Rollout provides mobile developers with real-time app control. Rollout's SDK enables mobile developers to instantly deploy code level changes to live apps without the need to release a new version through the app store or wait for end users to update their app. As a result, the entire software deployment cycle is shortened, bad reviews are avoided and app uninstalls and lost revenue is prevented. To date, more than 2,000 developers use Rollout in more than 120 apps, running on more than 12 million weekly active devices. Companies using Rollout include Intuit, Badoo, ask.fm, Glow and GrabTaxi, among many others. Founded in 2014, Rollout has offices in Tel Aviv, Israel and New York, NY. For more information, please visit https://rollout.io.
About Canaan Partners Israel
Canaan Partners Israel (CPI) is a venture capital fund focused on early stage technology investments in Israel. Started by experienced entrepreneurs and investors, CPI is dedicated to working closely with founders to help them transform innovative ideas into global, successful companies. We leverage the strengths of Canaan Partners' global network and on-the-ground presence in New-York City and Silicon Valley, and CPI's close relationship with industry-leading multi-national technology players. We provide access to strategic partners, industry experts, top-tier customers and follow-on investors. We are looking to invest in seed and early stage startups that are developing innovative products or services that have a sustainable competitive edge, targeting large growing markets, maintaining capital efficient scalable business models and proven execution by the founding team. More information is available at http://www.canaan.com/israel/
Head of Corporate Communications