# S.T. Swimm Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/s-t-swimm-tech

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.swimm.io
- Total disclosed funding: $33M
- Latest round: Series A (Nov 8, 2021)
- Investors on record: 6

## About

S.T. Swimm Tech Ltd. specializes in mainframe code modernization, offering an advanced platform that automates the reverse engineering of legacy applications, essential for enhancing code understanding and documentation.Founded in 2019, S.T. Swimm Tech Ltd. is based in Tel Aviv-Yafo, Israel. The company focuses on modernizing legacy systems through an innovative platform. The founders include Gilad Navot, Omer Rosenbaum, Oren Toledano, and Tom Dror, with Oren Toledano serving as CEO. The firm has raised USD 27.6 mn in Series A funding on November 8, 2021, led by Insight Partners, with participation from Dawn Capital, Pitango Venture Capital, and TAU Ventures. This funding represents the total amount raised by the company, with a focus on scaling their team and further developing their platform.Swimm offers a comprehensive platform tailored for mainframe code modernization, which automates the reverse engineering process of legacy applications. The platform utilizes AI-powered static analysis to build an extensive knowledge base from the code, effectively revealing architecture, patterns, and business logic while eliminating redundant boilerplate code. Swimm’s solutions enable the documentation of complex codebases for both developers and non-technical stakeholders, facilitating visualization of code architecture through automatically generated diagrams and mapping user interactions with programs and jobs. The company serves a diverse client base, including technology service providers and enterprise organizations across North America and Europe, where modernization of legacy systems is increasingly critical.Swimm operates a subscription-based revenue model, providing access to its mainframe modernization tools and documentation solutions. Clients are offered various service tiers that cater to different organizational needs, allowing them to leverage the platform for code analysis, documentation, and business rule extraction. Transactions occur on a B2B basis, where enterprises collaborate with Swimm to integrate its technology into their workflows. Pricing plans are customized according to the scale and complexity of the client’s codebase, with larger organizations likely entering into tailored agreements to fully utilize Swimm's offerings. The flagship product is the AI-driven documentation platform, essential for companies engaged in digital transformation of legacy environments.With the recent Series A funding of USD 27.6 mn from November 2021, S.T. Swimm Tech Ltd. plans to scale its workforce and enhance its platform. The funding will support the development of upcoming products aimed at further improving code modernization capabilities. The company also intends to explore expansion into new markets, focusing on Europe and North America, to cater to the growing demand for modernization solutions. Through these strategies, Swimm aims to solidify its position in the industry while addressing the evolving needs of its clients.

## Funding rounds

- Series A, Nov 8, 2021, $28M — Pitango, Insight Partners, Dawn Capital, TAU Ventures
- Seed, Jan 14, 2021, $5.7M — Pitango, FundFire, TAU Ventures, Axon Ventures
- Seed, Nov 1, 2019 — TAU Ventures

## Investors

- TAU Ventures — Seed, Series A
- Pitango (https://capitalatlas.ai/funds/pitango) — Seed, Series A
- FundFire — Seed
- Axon Ventures — Seed
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series A