Organizational understanding business Shamaym is reaching for the sky
2 min readShamaym, a company founded by previous Israel Air Power (IAF) pilots, released its prospectus Sunday forward of an IPO on the Tel Aviv Stock Trade. The firm, headed by director Ofir Paldi and president Eliezer Shakedi (Formerly IAF commander and El Al CEO), is aiming to elevate tens of tens of millions of shekels at a benefit of NIS 100 million (about $30 million).


Shamaym has developed an artificial intelligence-based system that allows organizational finding out by way of a investigation-primarily based approach, identical to the current tactics employed in the Israeli Air Pressure. 


Shamaym director Ofir Paldi. Photograph: Tammy Sgan-Cohen 

Shamaym is nevertheless in its infancy in phrases of business enterprise performance. The company recorded income of $1.37 million in 2020, a 27.4% decrease in contrast to the previous calendar year. The drop is discussed by the alter in the firm’s revenue design and a change from consulting to a software-as-a-company (SaaS) design. On the other hand, the base line is that Shamaym missing $1.61 million in 2020 compared to $217,000 in 2019.


Even so, Shamaym has ambitious options. The organization cites a report by Grand Look at Research from last August, stating that the world-wide efficiency management application market is predicted to improve from about $46 billion in 2019 to about $100 billion by 2027. 

The firm said that it commenced the present year with about 60% advancement at an yearly recurring profits (ARR) of all around $400,000. Furthermore, the company’s backlog (as of the prospectus’ publication), has developed to about $981,000, reflecting a threefold increase considering that the beginning of the 12 months. 

The enterprise is predicted to leverage the IPO for its day by day management, with an emphasis on building its marketing and advertising and gross sales in North America, as nicely as for growing the company’s R&D. The IPO is led by Aharon Samra and Assaf Dagan of Apex Issuances and Nadav Raban of Rosario Cash, and is accompanied by Adv. Amir Asali of S. Horowitz & Co. and CPA Eli Barda of Ernst & Young. 

So far, Shamaym benefited from investments totaling $1 million from various top rated traders like Yoel Chesin, Gigi Levy, and Zvi Agmon, as properly as $2.2 million in grants from the Hen Foundation and the Israeli Innovation Authority.
