# Cocycles

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cocycles

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.bit.dev
- Total disclosed funding: $26M
- Latest round: Series B (Nov 16, 2021)
- Investors on record: 4

## About

Cocycles Ltd. specializes in providing software solutions focused on composability, enabling developers to create reusable components and streamline their software development processes.Founded in 2016, Cocycles Ltd. operates primarily from Tel Aviv, Israel. The company has undergone no significant pivots in its business strategy since its inception. The founders, Jonathan Saring, Ran Mizrahi, Sadia Sushmita, and Yonatan Sason, have collectively established a strong foundation for the company, with Ran Mizrahi serving as the CEO. Cocycles has raised a total of USD 25.00 mn in funding, with the most recent round being a Series B in November 2021, led by Insight Partners and including participation from Snyk Limited and Wix Capital. This round marked the culmination of the company’s funding efforts.Bit offers a range of innovative software solutions centered on composability, with its flagship product being the "Harmony" platform, which enhances productivity by providing reusable components. It aims to ensure architectural clarity while minimizing overhead costs. Bit's primary users are developers and teams looking to create composable software products across various industries, particularly in technology sectors worldwide, including North America, Europe, and parts of Asia. The Bit community includes over 100,000 developers contributing to a library of more than 60,000 components, facilitating collaborative product development.Bit generates revenue through a subscription-based model for its development platform and related services. Clients, mainly B2B technology firms and development teams, engage with Bit through annual or monthly subscription plans that grant access to the Harmony platform and its community resources. These plans are tailored to various team sizes and project scopes, allowing customers to select services that align with their needs. The company also forms partnerships with enterprise clients to deliver customized solutions, thus enhancing their product offerings. As Bit expands its user base and component library, the revenue model is expected to scale with the increasing demand for composable software solutions globally.Cocycles Ltd. aims to utilize the USD 25.00 mn raised in its latest funding round to enhance its product offerings further and empower developers and organizations in building component-driven software. The company is focusing on expanding into new markets, particularly targeting regions in North America and Europe for growth. This strategic expansion is expected to be executed in the coming years, aligning with their goal of increasing their market presence and user engagement. Upcoming product releases, including new features for the Harmony platform, are also planned to support this growth strategy.

## Funding rounds

- Series B, Nov 16, 2021, $25M — Insight Partners, Disruptive Technologies Venture Capital, Snyk, Inc., Wix Capital
- Seed, Mar 1, 2015, $0.9M — Disruptive Technologies Venture Capital

## Investors

- Disruptive Technologies Venture Capital (https://capitalatlas.ai/funds/disruptive-technologies-venture-capital) — Seed, Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- Snyk, Inc. — Series B
- Wix Capital (https://capitalatlas.ai/funds/wix-capital) — Series B