Home Funding Tel Aviv startup CommonGround secures US$ 19 million funding for its 4D...

Tel Aviv startup CommonGround secures US$ 19 million funding for its 4D collaboration technology

Tel Aviv startup CommonGround secures US$ 19 million funding for its 4D collaboration technology
Tel Aviv startup CommonGround secures US$ 19 million funding for its 4D collaboration technology

CommonGround, a Tel Aviv based 4D collaboration technology enterprise, announced that it has secured US$ 19 million investment on 29th December 2020. The investment round was led by the VC Matrix Partners and included participation from StageOne Ventures and Grove Ventures

CommonGround, a stealth mode startup provides real time solutions in the form of software that provide unprecedented human interaction level over digital. It is led by two successful entrepreneurs with two M&A’s, three IPOs, two technical Emmy awards and around a billion dollars of category defining product revenues in between. 

This startup is not a first ever collaboration of the co-founders Ran Oz and Amir Bassan-Eskenazi. Both of them have already worked together for rounding BigBand networks which was a video networking enterprise and won two technology niches Emmy awards and went public in 2007. Bigbang network was acquired by American telecommunication enterprise, Arris group in 2011. Also they have worked with the digital compression enterprise Optibase which was co-founded by Ran and Bessan was the COO. 

Patrick Malatack, a general partner at Matrix Partners said, “Ran and Amir both have a quite bold mission for reinventing communications. Their technical experience with a combination of successful history exits has made an easy investment decision for us.”

Although CommonGround is still operating in stealth mode and they are not planning to completely review their first product till next year. The founders acknowledge the improvement of video conferencing but they believe that it is still not up to the face-to-face communication. Bessan Eskenazi said, “A few things are not achievable using a flat video conferencing kind of solution. These have gotten better over the time but they have never reached the level where you walked in a bar and there are groups of people talking and you can immediately know who is a little taken aback, who is a kind of eh, or who is excited.”

And this is what the CommonGround company is trying to build, a collaboration software that captures the subtle distinction of in person communication and can actually improve face-to-face conversations in a few ways with the 4D moniker. 

The company has brought together the best of 3D graphics, artificial intelligence, deep learning, real-time video compression and computer vision for delivering on the vision of communication invention. The startup CommonGround was founded in 2019 before the pandemic hit, so their technology is not just a response of remote working.

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