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Itzik Parnafes

Tel Aviv
Joined Battery in 2009
Focus Areas: Application Software, Consumer, Infrastructure Software
Areas of Interest: Fin-tech
Itzik is a Battery advisor, and former tech-industry operator, with expertise in infrastructure software, application software and consumer technology.

Itzik, a former tech entrepreneur and operator, worked until recently as a general partner at Battery and transitioned to an advisor role with the firm in 2021.He remains involved with Battery’s investments in Excelero, Minute Media, Omio, and SiSense.

Itzik’s exited Battery investments include Elastifile (acquired by Google); InsertMobile (acquired by Pendo); Leadspace; LightCyber and Cyvera (both acquired by Palo Alto Networks); Panaya (acquired by Infosys); Primary Data; Stoke Talent (acquired by Fiverr); XtremIO (acquired by EMC); and Zeitgold. He was also a board observer for Zerto (acquired by Hewlett Packard Enterprise).

Previously, Itzik also spent time working alongside the Battery investment team as an entrepreneur-in-residence in the firm’s Israel office. Before Battery, Itzik was a partner with Stata Ventures, where he led investments in Provigent (acquired by Broadcom), Comability (acquired by Ruckus Wireless), Sentrigo (acquired by Symantec) and ZikBit.

Before venture investing, Itzik spent the majority of his career as an entrepreneur. He co-founded Kagoor Networks, a leader in voice-over-IP technologies, and led it to a successful acquisition by Juniper Networks, its first acquisition of an Israeli company. Previously, Itzik led the R&D of Class Data Systems until it was acquired by Cisco Systems, the first of many acquisitions in Israel. Before joining the private sector, Itzik led a landmark infrastructure project in the Israeli Defense Forces (IDF) that won the prestigious Israel Defense Award.
In 2017, 2018 and 2019, Itzik was on the Forbes Midas List Europe. Itzik holds a BSc summa cum laude in computer science and math from the Technion – Institute of Technology.

Itzik discusses the promise and potential of quantum computing in ZDNet

Itzik discusses the role of the Israeli army’s secretive Unit 8200 in the global, high-tech ecosystem

Itzik blogs about the changing face of cyber-crime, and how Cyvera is combating it

TechCrunch profiles portfolio company LightCyber and its recent funding led by Battery Ventures

Forbes on SiSense’s innovative approach to managing enterprises’ big data