DFJ Invests $7 Million in Stealth Startup Zon networks

By On July 13, 2008 · 5 Comments

 

Ofer Vilenski & Derry Shribman, the two entrepreneurs who previously sold Jungo to NDS Group for $108 million in 2006 go at it again. 

Founded only 6 months ago, Zon networks (temporary name) prefers to completely fly under the radar even after announcing the $7 million round led by Draper Fischer Jurvetson (original backer of Hotmail and Skype), Israeli VC funds Tamir Fishman Venture Capital and Megama as well as Trilogy Partnership - a Seattle-based fund that handles the money of former Microsoft and AT&T executives. 

The company is keeping a low profile but in interviews to the Israeli media DFJ commented that Zon will change the internet in the same way Skype changed VOIP. Founders revealed that the product is still a theoretical idea, but it will be aimed at the end user and it will leverage communication components of Windows operating system. The co-founder added that if all goes according to plan, the first product will be on the market in early 2009.

Zon is headquartered in Tel Aviv and currently has a head-count of 20. The company is looking to double in size in the coming months and it is looking for product development talent, particularly in telecommunications and Internet protocols.

 

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  • Zonner

    Terrible company with terrible people.
    They treat their workers like dirt and fire them on a whim.
    How do you think they will treat their users?

    I won’t touch this one with a stick…

  • Zonner

    Terrible company with terrible people.
    They treat their workers like dirt and fire them on a whim.
    How do you think they will treat their users?

    I won’t touch this one with a stick…

  • Guy

    I personally think that any startup that is so secretive about their thing for such a long time (over a year now! I even heard that candidates going to interviews there don’t get a clue about what the company does until 3rd interview or somthing…) ain’t got too much IP or if it does have something, it’s obviously quite easy to copy otherwise they wouldn’t need to be so hush-hush about this nonsense…
    Also, their original statement on the site is that “Zon-Networks will change the internet within 12 months” – and that was OVER 12 months ago. so, sorry: you guys are simply full of shit!

  • Guy

    I personally think that any startup that is so secretive about their thing for such a long time (over a year now! I even heard that candidates going to interviews there don’t get a clue about what the company does until 3rd interview or somthing…) ain’t got too much IP or if it does have something, it’s obviously quite easy to copy otherwise they wouldn’t need to be so hush-hush about this nonsense…
    Also, their original statement on the site is that “Zon-Networks will change the internet within 12 months” – and that was OVER 12 months ago. so, sorry: you guys are simply full of shit!

  • Pingback: Enigmatic Zon Networks Renames as Hola! – Best Kept Secret in Israel? : Venture Capital Cafe

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