Israeli tech startup Entrio scores $7.5m

• Other investors were BNY Mellon, Vintage Investment Partners, Alicorn and Elisha Wiesel, former CIO of Goldman Sachs and chairman of Entrio
• Entrio launched its platform in 2021 after the company pivoted from its earlier business model
• The company was founded by CEO Avi Cohen, CBO Gil Devora and CPO Moises Cohen

Israel-based Entrio, a provider of a next-generation IT asset management platform for enterprises, has raised funding $7.5 million in funding.

Communitas Capital Partners led the round with participation from BNY Mellon, Vintage Investment Partners, Alicorn and Elisha Wiesel, former CIO of Goldman Sachs and chairman of Entrio.

“Demand for innovative IT asset management solutions is growing rapidly, and entrio is uniquely positioned to capitalize on this trend. We are excited to co-lead this round and partner with entrio to support their vision of revolutionizing IT asset management with their advanced technology and cutting-edge AI tools,” said Doug Atkin, managing partner at Communitas Capital Partners, in a statement.

Entrio launched its platform in 2021 after the company pivoted from its earlier business model. The company was founded by CEO Avi Cohen, CBO Gil Devora and CPO Moises Cohen.

Based in New York, Communitas Capital invests in early-stage businesses in financial technology and other sectors, such as real estate tech and insurance. The venture capital firm was founded by Doug Atkin, former CEO of Instinet, Tom Glocer, former CEO of Thomson Reuters, and Duncan Niederauer, former CEO of The New York Stock Exchange.