New funding boost for Gizmox, champion of HTML5 apps for enterprise

It’s been a busy day for Israel-based start-up Gizmox. The firm, which helps enterprises roll-out HTML5 apps quickly and affordably, has has raised another $7.5 million in venture funding and appointed a new chief executive. The company confirmed today that Atlas Venture, Citrix, IVC and Consolidated Investment Group have invest a combined $7.5 million in the six-year old firm, taking the total raised by Gizmox to $18 million.

Eugene Kuznetsov was also appointed as the new CEO, with former incumbent and founder Navot Peled moving onto hold the title of president. Kuznetsov previously worked on Internet Explorer at Microsoft before starting enterprise software company, DataPower. The group was subsequently acquired by IBM and Kuznetsov went onto start online privacy company Albine, where he remains as chairman.

Gizmox provides a cloud-based platform which essentially allows enterprises to turn new and existing IT services into mobile apps with HTML5.

The company’s customers – which include heavyweights like BMW, Daimler, SAP, VISA and the United States Army and Navy – can run the applications from their own data centers or in the cloud with Gizmox’s servers.

And with the introduction of Windows 8 adding a third potential operating systems for IT managers to support, new CEO Kuznetsov thinks – like others – that mobile web apps will be prominent in the workplace.

« Enterprises are far behind where the consumer web is at, with respect to HTML5, » said Kuznetsov. « But their employees want to use the same applications they use on their desktops on their mobile devices. »


Reporting by Doug Drinkwater; Published by TabTimes.

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