SeaPass Solutions today announced that it has completed a financing round of $3.7 million led by Platinum Neurone Ventures (PNV), and included Hyperion Venture Partners and Plenus Venture Lending.
PNV is backed by global investors spearheaded by Bank of America, Keppel T&T, Bassini Playfair Wright LLC, and the SFK Group.
SeaPass , founded in 2000, is headquartered in New York City. The company develops and markets solutions that enable insurance carriers, agents, brokers and wholesalers to transmit and receive data in real-time, and existing systems to automatically interact with one another.
SeaPass stated that it plans to use the capital to expand its product offering and further its market penetration.
SeaPass director of R&D and CEO Ari Katz was the co-CEO and co-founder of Shadow Computers Ltd., a privately owned insurance software development company operating in Israel. SeaPass president of US operations Eric Gewirtzman was co-CEO and co-founder of Shadow Computers, and SeaPass CTO Daniel Mazor was CTO of Shadow Computers.
Published by Globes [online] - www.globes.co.il - on Monday, September 27, 2004