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5 Enterprise Software Companies to Watch in 2024
**Trullion**
- **Sector:** Enterprise Software
- **Established:** 2019
- **Founders:** Isaac Heller and Amir Boldo
- **Employees:** 85 (Israel and the United States)
- **Funding:** $35 million from Aleph, Third Point Ventures, Greycroft, StepStone Group
Trullion, an automation solutions provider for accounting, has become one of the hottest startups in Israel. Its founder, Isaac Heller, has garnered significant attention, and despite raising $15 million last year, there are already rumors of another substantial fundraising round. Trullion enjoys an annual revenue rate exceeding $10 million, with endorsements from major accounting firms like EY and Deloitte. The company recently secured a contract with one of the largest global firms, which remains confidential for now.
**Frontegg**
- **Sector:** Enterprise Software
- **Established:** 2019
- **Founders:** Aviad Mizrachi and Sagi Rodin
- **Employees:** 70 (Israel and the USA)
- **Funding:** $70 million from Insight Partners, Pitango, Stripes, I3, Matias Ventures, Global Founders Capital
Frontegg, founded by former Check Point employees Aviad Mizrachi and Sagi Rodin, addresses the challenges of managing customer identities and user access for SaaS developers. The name "Frontegg" symbolizes new beginnings with a strong foundation. With the rising importance of identity management due to increased cyber threats, Frontegg has become a vital player in the industry.
**Volumez**
- **Sector:** Enterprise Software
- **Established:** 2020
- **Founders:** Jonathan Amit
- **Employees:** 11-50
- **Funding:** $32 million from Koch Disruptive Technologies, Pitango, and Viola Ventures
Volumez offers cloud data orchestration SaaS that eliminates data infrastructure bottlenecks, providing a flexible, open data plane for tailored data infrastructure. It ensures performance, availability, and security for data-intensive applications in hybrid and multi-cloud environments. Volumez’s controller orchestration software, using Linux, facilitates the rapid deployment of various applications, enhancing digital transformation.
**Bridgewise**
- **Sector:** Enterprise Software
- **Established:** 2019
- **Founders:** Gabriel Diamant, Dor and Or Eligura, Mor Hazan
- **Employees:** 70
- **Funding:** $35 million from Mangrove, Psagot, Group11, and WIX
Bridgewise offers AI-driven investment analysis to exchanges, banks, trading platforms, and financial advisors. It operates in over 15 countries, providing detailed AI-generated reports and on-demand analysis of financial instruments. Its technology is based on a machine learning algorithm analyzing 20 years of historical data and a generative AI that creates reports in the reader’s preferred language.
**Port**
- **Sector:** Enterprise Software
- **Established:** 2021
- **Founders:** Zohar Einy, Yonatan Boguslavski
- **Employees:** 51-200
- **Funding:** $25 million from Team8 and TLV Partners
Port’s developer portal allows users to create data models and unify metadata across various tech stacks. It offers a comprehensive software catalog that categorizes resources by type, simplifying developer and DevOps tasks. Port aims to streamline these processes by abstracting environments, microservices, and DevOps processes, enhancing the user experience for platform engineering teams.
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This summary highlights the potential and achievements of these five enterprise software companies from Calcalist's annual list of the 50 most promising Israeli startups.