Founded 2010 | Acquisition date October 14, 2013 | |
 | ||
An interview on facebook s acquisition of onavo with i24 news
Onavo, a mobile analytics company based in Israel, is the developer of Onavo Insights and Onavo Mobility apps. The app provides information for users on data usage and compression of data, as well as mobile data protection. Onavo Insights provides data to companies about app usage and consumer trends in online gaming, social networking, finance, and entertainment.
Contents
- An interview on facebook s acquisition of onavo with i24 news
- History Foundation and Founders
- Funding Rounds
- Company Products
- Awards and Recognition
- References
In October 2013, Facebook bought Onavo for an undisclosed sum. Onavo is now headquartered in Palo Alto, CA, but also operates from Israel’s first Facebook office in Tel Aviv.
History – Foundation and Founders
Onavo was founded in 2010 by Roi Tiger and Guy Rosen. Roi Tiger previously led the security technology team at mobile handset manufacturers Modu.
Funding Rounds
Onavo has had two rounds of funding: the first was a Series A investment for $3 million from Magma Venture Partners and Sequoia Capital in May 2011. The second was a Series B investment of $13 million from Magma Ventures, Sequoia Capital, and Horizons Ventures. Onavo’s sale to Facebook is one of the top exits for Magma Venture Partners and other Israeli venture capital firms. There are reports that Onavo's acquisition by Facebook was for over $150 million.
Company Products
Besides Onavo Insights, the company has five products that are available to consumers via iTunes and Google Play: Onavo Extend for iPhone and Android, Onavo Count for iPhone and Android and Onavo Protect for iPhone.
Onavo Extend was designed to help users manage their data costs by sharing the amount of data used for each app on their phone. Onavo Count was developed to provide users with reports on mobile data usage for each function on a smartphone or linked device.
Awards and Recognition
Onavo won multiple awards in 2011. The company received first prize at the Mobile Beat 2011 conference hosted by Venture Beat, and the award for most innovative app at the 2011 International Startup Festival, as well as being selected as the Best Mobile Startup by TheNextWeb.