Congratulations to Qlika on their acquisition by Priceline! Qlika is a graduate of UpWest Labs’ 4th class of startups. Omri, Ittai and Idan built an incredibly powerful platform for optimizing online marketing campaigns for local markets, segments and media channels enabling advertisers in the $50B search industry to achieve as much as a 50% increase in ROI on a given campaign.
Qlika announced a $1.7MM funding just this last October with Hillsven Capital leading the round and joined by angels Payam Zamani (CEO of Reply.com) and Michal Tsur (CMO of Kaltura). At the time of the closing, Qlika was managing hundreds of millions of dollars in aggregate ad spend across dozens of enterprise customers including Redbeacon, Thumbtack, Where2Getit and HomeTalk.
We are excited to see how far our Silicon Valley network of mentors, investors, and potential, combined with great products and teams, can take our graduates. This is the second acquisition of an UpWest Labs company in the past month with SlickLogin having announced their acquisition by Google on February 16, 2014.
We’re proud to have been a part of Qlika’s success. Good luck to them on the next stage of their journey with Priceline.
The UpWest Labs Team