Israeli Startup entrio Raises $7.5M led by Communitas Capital joined by BNY Mellon, Vintage Investment And Alicorn

Israeli startup entrio has raised $7.5 million in funding led by Communitas Capital Partners, with participation from BNY Mellon, Vintage Investment Partners, Alicorn, and Elisha Wiesel. entrio provides a next-generation IT asset management platform for enterprises in the financial industry, helping them manage and optimize their large vendor stack. The company’s cloud-based platform gives IT governance and IT sourcing teams visibility, searchability, and intelligence to effectively manage their vendor stack, reducing costs and driving efficiency. With this funding, entrio plans to continue developing its technology and expand its customer base globally. The company is also integrating gpt-3 into its platform, becoming the first in the ITAM space to do so. entrio aims to provide a holistic view of tech stacks by broadening its data coverage across additional tech assets.